Theta Chi at Drake University Helping Hand Foundation

Analysis

Theta Chi at Drake University Helping Hand Foundation is a registered charity in United States, based in Davenport, IA. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Theta Chi at Drake University Helping Hand Foundation reported income of $84k and spending of $40k, leaving 52% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $24k to $84k (+245%), an average of +86% a year. The sharpest change came in the year to December 2023, when income rose by 1258%. Over the whole period it spent 126% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Theta Chi at Drake University Helping Hand Foundation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within IA. Charities of a similar size with the same main cause include Golden Pride Band Boosters ($84k), Fallbrook Band Boosters Inc ($84k) and Trinity Elementary School PTO Inc ($84k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 62% of the total. At year end it held assets of $268k against liabilities of $0, net assets of $268k.