Driving Out Cancer Inc

Analysis

Driving Out Cancer Inc is a registered charity in United States, based in Huntingtn BCH, CA. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, Driving Out Cancer Inc reported income of $53k and spending of $161k, spending 307% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $295k to $53k (-82%), an average of -82% a year. The sharpest change came in the year to December 2023, when income dropped by 82%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Driving Out Cancer Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within CA. Charities of a similar size with the same main cause include Apff Charitable Fund Inc ($53k), Granby Community Fund Inc ($53k) and Joseph B Vandervelden Foundation ($53k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 76% of the total. At year end it held assets of $25k against liabilities of $0, net assets of $25k.