Drive for Life

Analysis

Drive for Life is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in January 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 for Life reported income of $951k and spending of $904k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $522k to $951k (+82%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 217%. Over the whole period it spent 81% 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 for Life sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MI. Charities of a similar size with the same main cause include Volunteer Action Center of Broward County Inc ($951k), Nebraska Softball Association ($951k) and Marshfield Area United Way ($950k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $909k against liabilities of $53k, net assets of $855k.