Drop of Life Corporation

Analysis

Drop of Life Corporation is a registered charity in United States, based in Southbury, CT. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Drop of Life Corporation reported income of $96k and spending of $81k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $79k to $96k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 83% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Drop of Life Corporation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within CT. Charities of a similar size with the same main cause include Prelado de Los Tesoros de LA Purisima ($96k), Illinois Grazing Lands Coalition ($96k) and Historic Hudson Inc ($96k).

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 $33k against liabilities of $0, net assets of $33k.