Dropbox Foundation

Analysis

Dropbox Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Dropbox Foundation reported income of $2.1m and spending of $1.7m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.1m (+82%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 357%. Over the whole period it spent 108% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Dropbox Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include A2la Workplace Training Inc ($2.1m), Wtvi Foundation Inc ($2.1m) and The Big Table ($2.1m).

At year end it held assets of $26.8m against liabilities of $13k, net assets of $26.7m.