Drake Rayden Foundation

Analysis

Drake Rayden Foundation is a registered charity in United States, based in Simpsonville, SC. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Drake Rayden Foundation reported income of $120k and spending of $126k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $117k to $120k (+2.9%), an average of +2.9% a year. Over the whole period it spent 110% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Drake Rayden Foundation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 47th percentile within SC. Charities of a similar size with the same main cause include Foundation for Arthroplasty Research and Education ($120k), Hearaide Inc ($120k) and Upmc ($120k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5,799 against liabilities of $0, net assets of $5,799.