Drive for a Cure Inc

Analysis

Drive for a Cure Inc is a registered charity in United States, based in Hartford, WI. It received its IRS tax-exemption ruling in November 2013, 13 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, Drive for a Cure Inc reported income of $62k and spending of $1,609, leaving 97% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $60k to $62k (+4.1%), an average of +4.1% a year. Over the whole period it spent 51% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Drive for a Cure Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within WI. Charities of a similar size with the same main cause include Kirkland Chamber Foundation ($62k), Slinger-Allenton Rotary Inc ($62k) and Rotary Club of Bronxville Foundation ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $61k against liabilities of $0, net assets of $61k.