Drug Takeback Solutions Foundation

Analysis

Drug Takeback Solutions Foundation is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover health care, 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, Drug Takeback Solutions Foundation reported income of $2.1m and spending of $4.7m, spending 231% of what it took in. The sharpest change came in the year to December 2023, when income rose by 149%. Over the whole period it spent 196% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Drug Takeback Solutions Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Cryptic Masons Medical Research Foundation Inc ($2.1m), New Beginning Sanctuary ($2.1m) and Christian Farms-Treehouse Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.5% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $20k (0.4% of expenses). At year end it held assets of $463k against liabilities of $3.2m, net assets of -$2.8m.