Independent Drivers Guild Inc

Analysis

Independent Drivers Guild Inc is a registered charity in United States, based in Long Is City, NY. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Independent Drivers Guild Inc reported income of $15.0m and spending of $11.2m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $15.0m (+571%), an average of +61% a year. The sharpest change came in the year to December 2020, when income rose by 114%. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Independent Drivers Guild Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include The Mon Valley Initiative ($15.0m), Bayaud Enterprises Inc ($15.1m) and Greenlight Fund Inc ($14.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.6% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $150k (1.3% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $10.7m against liabilities of $27k, net assets of $10.7m.