Driving for a Cure Inc

Analysis

Driving for a Cure Inc is a registered charity in United States, based in Suffield, CT. It received its IRS tax-exemption ruling in August 2020, 6 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Driving for a Cure Inc reported income of $67k and spending of $67k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $23k to $67k (+193%), an average of +193% a year. The sharpest change came in the year to December 2023, when income rose by 193%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Driving for a Cure Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within CT. Charities of a similar size with the same main cause include Keep Kids Drug Free Foundation Inc ($67k), Dayton Physicians Foundation for Hope Inc ($67k) and Touch of Grace ($67k).

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 $918 against liabilities of $0, net assets of $918.