Raven Drum Foundation

Analysis

Raven Drum Foundation is a registered charity in United States, based in Beverly Hills, CA. It received its IRS tax-exemption ruling in April 2001, 25 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Raven Drum Foundation reported income of $302k and spending of $456k, spending 151% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $160k to $302k (+89%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 218%. Over the whole period it spent 116% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Raven Drum Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Broadway and Vine Inc ($302k), Seguinland Institute ($302k) and No Square Theatre ($302k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. At year end it held assets of $38k against liabilities of $68k, net assets of -$31k.