Drink Local Drink Tap Inc

Analysis

Drink Local Drink Tap Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Drink Local Drink Tap Inc reported income of $592k and spending of $591k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $480k to $592k (+23%), an average of +5.4% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 96% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Drink Local Drink Tap Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within OH. Charities of a similar size with the same main cause include Alegre Global Assistance Charities Inc ($592k), The James One 27 Initiative ($592k) and Lalimye Ministries ($591k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $89k (15% of expenses). Other salaries and wages came to $129k. At year end it held assets of $142k against liabilities of $2,082, net assets of $140k. It reported 5 employees.