Drive Nation Foundation

Analysis

Drive Nation Foundation is a registered charity in United States, based in San Rafael, CA. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Nation Foundation reported income of $400k and spending of $343k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $106k to $400k (+276%), an average of +276% a year. The sharpest change came in the year to December 2023, when income rose by 276%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Drive Nation Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Pompano Piranhas Inc ($399k), Halo Sports Inc ($400k) and Oak Ridge Youth Association ($399k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $7,424 against liabilities of $0, net assets of $7,424.