Friends of Old Drawyers Inc

Analysis

Friends of Old Drawyers Inc is a registered charity in United States, based in Odessa, DE. It received its IRS tax-exemption ruling in April 1960, 66 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of Old Drawyers Inc reported income of $215k and spending of $129k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $538k to $215k (-60%), an average of -20% a year. The sharpest change came in the year to December 2020, when income dropped by 60%. Over the whole period it spent 38% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Old Drawyers Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 50th percentile within DE. Charities of a similar size with the same main cause include Georgia Education Articulation Committee Inc ($215k), Butler County Educational Foundation Inc ($215k) and Truth in Accounting ($215k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.1% and program service revenue 60% of the total. At year end it held assets of $3.4m against liabilities of $0, net assets of $3.4m.