The Murray Dranoff Foundation Inc

Analysis

The Murray Dranoff Foundation Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in March 1987, 39 years ago. 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, The Murray Dranoff Foundation Inc reported income of $155k and spending of $251k, spending 162% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $422k to $155k (-63%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 67%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Murray Dranoff Foundation Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 52nd percentile within FL. Charities of a similar size with the same main cause include Lancaster Public Library Foundation Inc ($155k), Esperanza Entertainment Boosters ($155k) and Santas Helpers Inc ($155k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 5.3% of the total. Compensation of current officers, directors and key employees was $31k (13% of expenses). Other salaries and wages came to $23k. At year end it held assets of $18k against liabilities of $55k, net assets of -$37k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.