The Dragonfly Home Inc

Analysis

The Dragonfly Home Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in June 2016, 10 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 Dragonfly Home Inc reported income of $1.1m and spending of $1.2m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $481k to $1.1m (+136%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Dragonfly Home Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within OK. Charities of a similar size with the same main cause include Cairnwood Village Inc ($1.1m), Covenant Housing Corp of Central New York ($1.1m) and Finger Lakes Regional Tourism Council Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $191k (16% of expenses). Other salaries and wages came to $475k. At year end it held assets of $686k against liabilities of $379k, net assets of $307k. It reported 7 employees.