Drake House Inc
Drake House Inc consistently allocates over 75% of expenses to programs with no reported officer compensation.
EIN: 200943038 · Roswell, GA · NTEE: L41 · Updated: 2026-03-28
Is Drake House Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Drake House Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Drake House Inc
Drake House Inc (EIN: 200943038) is a nonprofit organization based in Roswell, GA, classified under NTEE code L41. The organization reported total revenue of $2.7M and total assets of $6.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Drake House Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Drake House Inc is a mid-size nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 12.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.0M |
| Total Expenses | $2.5M |
| Surplus / Deficit | +$498K |
| Total Assets | $6.6M |
| Total Liabilities | $572K |
| Net Assets | $6.1M |
| Operating Margin | 16.5% |
| Debt-to-Asset Ratio | 8.6% |
| Months of Reserves | 31.6 months |
Financial Health Grade: A
In 2023, Drake House Inc reported a surplus of $498K with revenue exceeding expenses, holds 31.6 months of operating reserves (strong position), has a debt-to-asset ratio of 8.6% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Drake House Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.6% | +21.0% | +17.9% |
| 2022 | +20.5% | +16.5% | +7.9% |
| 2021 | +13.6% | +10.8% | +0.9% |
| 2020 | -0.6% | +9.6% | +10.5% |
| 2019 | -36.1% | +7.9% | -3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Drake House Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Drake House Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $498K, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.6%.
Executive Compensation Analysis
Drake House Inc consistently reports 0% officer compensation across all available filings, indicating that its leadership either serves on a volunteer basis or receives no reportable compensation, which is highly unusual for an organization of its size with over $3 million in annual revenue.
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 Drake House Inc's IRS 990 filings:
- Unusually low or zero reported officer compensation for an organization of this size, which might warrant further inquiry into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Drake House Inc:
- Strong program spending ratio, consistently above 75% of total expenses (e.g., 80% in 2023).
- Consistent revenue growth over the past decade, from $970,773 in 2014 to $3,019,791 in 2023.
- Significant asset growth, increasing from $2,046,674 in 2014 to $6,637,090 in 2023.
- No reported officer compensation across all filings, indicating highly efficient use of funds for leadership or volunteer-led governance.
- Healthy financial reserves with assets significantly exceeding liabilities.
Frequently Asked Questions about Drake House Inc
Is Drake House Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Drake House Inc (EIN: 200943038) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Drake House Inc spend its money?
Drake House Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Drake House Inc tax-deductible?
Drake House Inc is registered as a tax-exempt nonprofit (EIN: 200943038). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Drake House Inc a good charity?
Based on its financial data, Drake House Inc appears to be a very good charity. It consistently dedicates a high percentage of its expenses to program services (e.g., 80% in 2023), has shown strong revenue and asset growth, and reports no officer compensation, indicating efficient use of funds and potentially volunteer leadership.
How has Drake House Inc's financial health changed over the past decade?
Drake House Inc has demonstrated significant financial growth and stability over the past decade. Revenue increased from $970,773 in 2014 to $3,019,791 in 2023, and assets grew from $2,046,674 to $6,637,090 in the same period, indicating robust fundraising and asset management.
What is Drake House Inc's program efficiency?
Drake House Inc exhibits high program efficiency, consistently allocating a substantial portion of its total expenses to program services. For example, in 2023, program service expenses were $2,017,785 out of total expenses of $2,522,231, representing approximately 80% of spending.
Filing History
IRS 990 filing history for Drake House Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Drake House Inc's revenue has grown by 281.6%, moving from $791K to $3.0M. Total assets increased by 312.2% over the same period, from $1.6M to $6.6M. Total functional expenses rose by 342.5%, from $570K to $2.5M. In its most recent filing year (2023), Drake House Inc reported a surplus of $498K, with revenue exceeding expenses. The organization holds $572K in liabilities against $6.6M in assets (debt-to-asset ratio: 8.6%), resulting in net assets of $6.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.0M | $2.5M | $6.6M | $572K | — | View 990 |
| 2022 | $2.5M | $2.1M | $5.6M | $62K | — | View 990 |
| 2021 | $2.1M | $1.8M | $5.2M | $69K | — | View 990 |
| 2020 | $1.8M | $1.6M | $5.2M | $309K | — | View 990 |
| 2019 | $1.8M | $1.5M | $4.7M | $29K | — | View 990 |
| 2018 | $2.9M | $1.4M | $4.8M | $546K | — | View 990 |
| 2017 | $1.4M | $1.1M | $3.8M | $1.0M | — | View 990 |
| 2016 | $1.1M | $876K | $2.5M | $17K | — | View 990 |
| 2015 | $1.3M | $867K | $2.3M | $11K | — | View 990 |
| 2014 | $971K | $763K | $2.0M | $223K | — | View 990 |
| 2013 | $903K | $646K | $1.8M | $234K | — | View 990 |
| 2012 | $791K | $570K | $1.6M | $251K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.0M, expenses of $2.5M, and assets of $6.6M (revenue +20.6% year-over-year).
- 2022: Revenue of $2.5M, expenses of $2.1M, and assets of $5.6M (revenue +20.5% year-over-year).
- 2021: Revenue of $2.1M, expenses of $1.8M, and assets of $5.2M (revenue +13.6% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.6M, and assets of $5.2M (revenue -0.6% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.5M, and assets of $4.7M (revenue -36.1% year-over-year).
- 2018: Revenue of $2.9M, expenses of $1.4M, and assets of $4.8M (revenue +113.1% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.1M, and assets of $3.8M (revenue +23.9% year-over-year).
- 2016: Revenue of $1.1M, expenses of $876K, and assets of $2.5M (revenue -19.1% year-over-year).
- 2015: Revenue of $1.3M, expenses of $867K, and assets of $2.3M (revenue +38.7% year-over-year).
- 2014: Revenue of $971K, expenses of $763K, and assets of $2.0M (revenue +7.5% year-over-year).
- 2013: Revenue of $903K, expenses of $646K, and assets of $1.8M (revenue +14.1% year-over-year).
- 2012: Revenue of $791K, expenses of $570K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Drake House Inc:
Data Sources and Methodology
This transparency report for Drake House Inc 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.