Drew Child Development Corporation Inc

Analysis

Drew Child Development Corporation Inc is a registered charity in United States, based in Gardena, CA. It received its IRS tax-exemption ruling in May 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Drew Child Development Corporation Inc reported income of $52.0m and spending of $52.1m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $28.9m to $52.0m (+80%), an average of +16% a year. The sharpest change came in the year to June 2020, when income rose by 21%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Drew Child Development Corporation Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Beaumont Retirement Services Inc ($51.9m), Baptist Retirement Homes of North Carolina Incorporated ($52.0m) and Nysarc Inc Montgomery County Chapter ($51.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $237k (0.5% of expenses). Other salaries and wages came to $6.5m. At year end it held assets of $24.9m against liabilities of $22.9m, net assets of $2.0m. It reported 160 employees.