Stay Driven Charitable Foundation Inc

Analysis

Stay Driven Charitable Foundation Inc is a registered charity in United States, based in Framingham, MA. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Stay Driven Charitable Foundation Inc reported income of $253k and spending of $254k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $4,376 to $253k (+5673%), an average of +5673% a year. The sharpest change came in the year to December 2023, when income rose by 5673%. Over the whole period it spent 122% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Stay Driven Charitable Foundation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within MA. Charities of a similar size with the same main cause include Market Square Concerts ($253k), Frontiers in Bioscience Inc ($253k) and Preservation Society of Fall River Inc ($253k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.