Drake Dekeyrel Do It for Drake Memorial Foundation

Analysis

Drake Dekeyrel Do It for Drake Memorial Foundation is a registered charity in United States, based in Illinois City, IL. It received its IRS tax-exemption ruling in June 2016, 10 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, Drake Dekeyrel Do It for Drake Memorial Foundation reported income of $58k and spending of $46k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $38k to $58k (+52%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Drake Dekeyrel Do It for Drake Memorial Foundation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 24th percentile within IL. Charities of a similar size with the same main cause include JW Reed Christian Academy Inc ($58k), Saint Marys East Bay Scholarship Fund Inc David R Kelly Cpa ($58k) and Madawaska Public Library ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 65% of the total. At year end it held assets of $78k against liabilities of $0, net assets of $78k.