Driven to Cure Inc

Analysis

Driven to Cure Inc is a registered charity in United States, based in Kensington, MD. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Driven to Cure Inc reported income of $176k and spending of $268k, spending 152% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $276k to $176k (-36%), an average of -11% a year. The sharpest change came in the year to December 2023, when income dropped by 38%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Driven to Cure Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within MD. Charities of a similar size with the same main cause include Upper Kittitas County Senior Center ($176k), Hope International Food Pantry ($176k) and Pikes Peak Elder Justice Center ($176k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $218k against liabilities of $1,716, net assets of $216k.