Go Drill International Inc

Analysis

Go Drill International Inc is a registered charity in United States, based in Giddings, TX. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Go Drill International Inc reported income of $186k and spending of $230k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $292k to $186k (-36%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 33%. Over the whole period it spent 117% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Go Drill International Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within TX. Charities of a similar size with the same main cause include Ranch Haven at Crawford ($186k), Kingdom Destiny Ministries International ($186k) and Harbor Vocation Discernment Center ($186k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $80k (35% of expenses). At year end it held assets of $140k against liabilities of $1,517, net assets of $138k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.