Driving Force Group Inc

Analysis

Driving Force Group Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in December 2012, 14 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Driving Force Group Inc reported income of $1.3m and spending of $1.6m, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $1.3m (-32%), an average of -9.2% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 105% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Driving Force Group Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MD. Charities of a similar size with the same main cause include Community Charities ($1.3m), Jack G Buncher Charitable Fund Forthe Pittsburgh Foundation ($1.3m) and Community Hope Projects Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $439k (27% of expenses). Other salaries and wages came to $80k. At year end it held assets of $919k against liabilities of $235k, net assets of $684k. It reported 4 employees.