Druk Foundation for Art Preservation

Analysis

Druk Foundation for Art Preservation is a registered charity in United States, based in Dekalb, IL. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Druk Foundation for Art Preservation reported income of $62k and spending of $63k, spending 102% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $200k to $62k (-69%), an average of -69% a year. The sharpest change came in the year to June 2024, when income dropped by 69%. Over the whole period it spent 24% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Druk Foundation for Art Preservation sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within IL. Charities of a similar size with the same main cause include Civitas Ensemble ($62k), Big Idea Theatre ($62k) and Little Town Players ($62k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 81% of the total. At year end it held assets of $279k against liabilities of $0, net assets of $279k.