Drawer Inc

Analysis

Drawer Inc is a registered charity in United States, based in Rosemount, MN. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Drawer Inc reported income of $1.1m and spending of $961k, spending 88% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $234k to $1.1m (+367%), an average of +67% a year. The sharpest change came in the year to December 2022, when income rose by 950%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Drawer Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MN. Charities of a similar size with the same main cause include Telluride Ski and Snowboard Club Inc ($1.1m), Savage Sisters Recovery Inc ($1.1m) and Kohan International Foundation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $65k (6.8% of expenses). At year end it held assets of $375k against liabilities of $1,849, net assets of $373k. It reported 2 employees.