Friends of Drummond Inc

Analysis

Friends of Drummond Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Friends of Drummond Inc reported income of $86k and spending of $110k, spending 129% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $239k to $86k (-64%), an average of -29% a year. The sharpest change came in the year to December 2021, when income dropped by 67%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Drummond Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 34th percentile within IL. Charities of a similar size with the same main cause include Flyquest Inc ($86k), Prince Hall Scholarship Foundation ($86k) and Franklin Elementary School PTO ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 48% of the total. At year end it held assets of $365k against liabilities of $71k, net assets of $294k.