Drive Toward a Cure

Analysis

Drive Toward a Cure is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2018, 8 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 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, Drive Toward a Cure reported income of $238k and spending of $206k, spending 87% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $300k to $238k (-21%), an average of -11% a year. The sharpest change came in the year to December 2023, when income rose by 63%. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Drive Toward a Cure sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include Etna Community Organization ($238k), Hope Match ($238k) and Mission of Love ($238k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $15k. At year end it held assets of $130k against liabilities of $1,023, net assets of $129k. It reported 1 employees.