Elw Drive for a Cure

Analysis

Elw Drive for a Cure is a registered charity in United States, based in Oldsmar, FL. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Elw Drive for a Cure reported income of $63k and spending of $65k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $49k to $63k (+28%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Elw Drive for a Cure sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 28th percentile within FL. Charities of a similar size with the same main cause include Breast Cancer Emergency Aid Foundation ($63k), Alexs Saints Foundation ($63k) and Opus Peace Corporation ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 54% of the total. At year end it held assets of $4,055 against liabilities of $0, net assets of $4,055.