Drost Family Foundation

Analysis

Drost Family Foundation is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Drost Family Foundation reported income of $53k and spending of $11k, leaving 79% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income fell from $95k to $53k (-45%), an average of -11% a year. The sharpest change came in the year to December 2022, when income rose by 141%. Over the whole period it spent 2.0% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Drost Family Foundation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within NY. Charities of a similar size with the same main cause include Dash Athletics Group Ny Chapter Inc ($53k), Sidekick Education Inc ($53k) and Speiro Academy School of Ministry & Fine Arts ($53k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $747k against liabilities of $0, net assets of $747k.