Drago Foundation
Drago Foundation experiences extreme revenue volatility and significant deficit spending in 2022.
EIN: 203471145 · Metairie, LA · NTEE: M20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $205 |
| Total Expenses | $48K |
| Program Spending | 75% |
| Net Assets | $48K |
| Transparency Score | 45/100 |
Is Drago Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Drago Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Drago Foundation
Drago Foundation (EIN: 203471145) is a nonprofit organization based in Metairie, LA, classified under NTEE code M20. The organization reported total revenue of $205 and total assets of $49K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Drago Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Drago Foundation is a micro nonprofit that has been operating for 21 years, with 9 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 31.6%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $205 |
| Total Expenses | $48K |
| Surplus / Deficit | $-48,219 |
| Total Assets | $49K |
| Total Liabilities | $840 |
| Net Assets | $48K |
| Operating Margin | -23521.5% |
| Debt-to-Asset Ratio | 1.7% |
| Months of Reserves | 12.2 months |
Financial Health Grade: B
In 2022, Drago Foundation reported a deficit of $48K with expenses exceeding revenue, holds 12.2 months of operating reserves (strong position), has a debt-to-asset ratio of 1.7% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2022), Drago Foundation's revenue has grown at a compound annual growth rate (CAGR) of 31.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -99.9% | -55.3% | -49.5% |
| 2021 | +613.2% | +300.4% | +355.1% |
| 2020 | +1292650.0% | +112720.8% | -5.4% |
| 2019 | -100.0% | -99.8% | -67.3% |
| 2015 | +19.6% | -51.7% | +1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Drago Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 75%
- fundraising: 5%
According to IRS 990 filings, Drago Foundation allocates its expenses as follows: admin: 20%, programs: 75%, fundraising: 5%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $48K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.7%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees are receiving salaries from the organization, which is commendable for a nonprofit of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Drago Foundation's IRS 990 filings:
- Extreme revenue volatility, making financial planning and sustainability difficult (e.g., $184,400 in 2021 to $205 in 2022).
- Significant deficit spending in multiple years, notably 2022 where expenses ($48,424) were 236 times revenue ($205).
- Inconsistent operational scale suggested by fluctuating expenses and assets over time.
Strengths
The following positive indicators were identified for Drago Foundation:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for leadership.
- Maintained a positive asset balance despite significant revenue fluctuations and deficit spending in some years.
Frequently Asked Questions about Drago Foundation
Is Drago Foundation a legitimate charity?
Drago Foundation (EIN: 203471145) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 45/100. It has 9 years of IRS 990 filings on record. Total revenue: $205. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Drago Foundation spend its money?
Drago Foundation directs 75% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Drago Foundation tax-deductible?
Drago Foundation is registered as a tax-exempt nonprofit (EIN: 203471145). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Drago Foundation's spending goes to programs?
Drago Foundation directs 75% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Drago Foundation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Drago Foundation is near average for NTEE category M20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Drago Foundation located?
Drago Foundation is headquartered in Metairie, Louisiana and files with the IRS under EIN 203471145. It is classified under NTEE code M20.
How many years of IRS 990 filings does Drago Foundation have?
Drago Foundation has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $205 in total revenue.
What caused the drastic drop in revenue from $184,400 in 2021 to $205 in 2022?
The provided data does not specify the reasons for this significant decline, but it suggests a potential loss of a major funding source or a change in operational strategy.
How does the Drago Foundation sustain operations with such low revenue, particularly in years like 2022 where expenses ($48,424) far exceeded revenue ($205)?
The organization likely relies on accumulated assets or other undisclosed funding mechanisms to cover operational deficits, as seen in 2022 where assets decreased from $97,368 to $49,149.
What is the nature of the consistent $840 liability reported across all filing periods?
The consistent nature of this liability suggests it might be a fixed obligation, such as a recurring fee or a long-term payable, but the specific details are not available in the provided data.
Filing History
IRS 990 filing history for Drago Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2022), Drago Foundation's revenue has grown by 1950%, moving from $10 to $205. Total assets increased by 53.9% over the same period, from $32K to $49K. Total functional expenses rose by 322.4%, from $11K to $48K. In its most recent filing year (2022), Drago Foundation reported a deficit of $48K, with expenses exceeding revenue. The organization holds $840 in liabilities against $49K in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $48K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $205 | $48K | $49K | $840 | — | View 990 |
| 2021 | $184K | $108K | $97K | $840 | — | — |
| 2020 | $26K | $27K | $21K | $840 | — | — |
| 2019 | $2 | $24 | $23K | $840 | — | View 990 |
| 2015 | $11K | $10K | $69K | $840 | — | View 990 |
| 2014 | $9K | $22K | $68K | $840 | — | View 990 |
| 2013 | $2K | $19K | $80K | $840 | — | View 990 |
| 2012 | $94K | $29K | $97K | $840 | — | View 990 |
| 2011 | $10 | $11K | $32K | $840 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $205, expenses of $48K, and assets of $49K (revenue -99.9% year-over-year).
- 2021: Revenue of $184K, expenses of $108K, and assets of $97K (revenue +613.2% year-over-year).
- 2020: Revenue of $26K, expenses of $27K, and assets of $21K (revenue +1292650.0% year-over-year).
- 2019: Revenue of $2, expenses of $24, and assets of $23K (revenue -100.0% year-over-year).
- 2015: Revenue of $11K, expenses of $10K, and assets of $69K (revenue +19.6% year-over-year).
- 2014: Revenue of $9K, expenses of $22K, and assets of $68K (revenue +361.8% year-over-year).
- 2013: Revenue of $2K, expenses of $19K, and assets of $80K (revenue -97.8% year-over-year).
- 2012: Revenue of $94K, expenses of $29K, and assets of $97K (revenue +942900.0% year-over-year).
- 2011: Revenue of $10, expenses of $11K, and assets of $32K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Drago Foundation:
Data Sources and Methodology
This transparency report for Drago Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.