Drew O Donoghue Fund Inc

Analysis

Drew O Donoghue Fund Inc is a registered charity in United States, based in White Hse Sta, NJ. It received its IRS tax-exemption ruling in July 2015, 11 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 March 2024, Drew O Donoghue Fund Inc reported income of $105k and spending of $188k, spending 179% of what it took in. Across the 3 years on record, from March 2022 to March 2024, income fell from $158k to $105k (-34%), an average of -19% a year. The sharpest change came in the year to March 2024, when income dropped by 45%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Drew O Donoghue Fund Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 46th percentile within NJ. Charities of a similar size with the same main cause include Jacksonville Firefighters Charities Inc ($105k), Clayton Community Recreational Foundation Inc ($105k) and Donne Di Domani Association ($105k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 84% of the total. At year end it held assets of $116k against liabilities of $0, net assets of $116k.