Drive Fore the Troops Inc

Analysis

Drive Fore the Troops Inc is a registered charity in United States, based in Summerfield, NC. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Fore the Troops Inc reported income of $94k and spending of $111k, spending 117% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $137k to $94k (-31%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Drive Fore the Troops Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within NC. Charities of a similar size with the same main cause include Ptsa Michigan Congress of Parents Teachers and Students ($94k), C Inc ($94k) and West Depere Booster Club Inc ($94k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.9% of the total. At year end it held assets of $28k against liabilities of $0, net assets of $28k.