Drexel H Foundation

Analysis

Drexel H Foundation is a registered charity in United States, based in Vale, OR. It received its IRS tax-exemption ruling in May 1997, 29 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Drexel H Foundation reported income of $57k and spending of $69k, spending 120% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $94k to $57k (-39%), an average of -39% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Drexel H Foundation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within OR. Charities of a similar size with the same main cause include Carroll Electrics People for People Fund ($57k), Osj Association Inc ($57k) and Wishlist Foundation ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $52k against liabilities of $0, net assets of $52k.