Drug Free Business

Analysis

Drug Free Business is a registered charity in United States, based in Bothell, WA. It received its IRS tax-exemption ruling in October 1989, 37 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Drug Free Business reported income of $3.5m and spending of $3.3m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $3.5m (+13%), an average of +3.0% a year. The sharpest change came in the year to December 2021, when income rose by 15%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Drug Free Business sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WA. Charities of a similar size with the same main cause include Flagship Enterprise Center Inc ($3.4m), Center for Educational Advancement ($3.5m) and Historic South Initiative ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $153k (4.7% of expenses). Other salaries and wages came to $934k. At year end it held assets of $2.8m against liabilities of $59k, net assets of $2.7m. It reported 19 employees.