Drum Point Project Inc
EIN: 521335361 · Lusby, MD
| Metric | Value |
|---|---|
| Total Revenue | $114K |
| Total Expenses | $72K |
| Net Assets | $460K |
Is Drum Point Project Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Drum Point Project Inc
Drum Point Project Inc (EIN: 521335361) is a nonprofit organization based in Lusby, MD. The organization reported total revenue of $114K and total assets of $532K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Drum Point Project Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Drum Point Project Inc is a small nonprofit that has been operating for 37 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $96K |
| Total Expenses | $72K |
| Surplus / Deficit | +$23K |
| Total Assets | $517K |
| Total Liabilities | $56K |
| Net Assets | $460K |
| Operating Margin | 24.5% |
| Debt-to-Asset Ratio | 10.9% |
| Months of Reserves | 86.0 months |
Financial Health Grade: A
In 2024, Drum Point Project Inc reported a surplus of $23K with revenue exceeding expenses, holds 86.0 months of operating reserves (strong position), has a debt-to-asset ratio of 10.9% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Drum Point Project Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -3.6% | -20.5% | +1.7% |
| 2023 | +23.6% | +26.6% | -1.7% |
| 2022 | -4.0% | +41.4% | -0.6% |
| 2021 | +44.8% | -20.8% | +6.5% |
| 2020 | -12.7% | +0.7% | -3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Drum Point Project Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Drum Point Project Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $23K, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.9%.
Frequently Asked Questions about Drum Point Project Inc
Is Drum Point Project Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Drum Point Project Inc (EIN: 521335361) insufficient data. 0 red flags identified, 0 strengths noted.
How does Drum Point Project Inc spend its money?
Detailed spending breakdown data is not yet available for Drum Point Project Inc. Check back for updated IRS 990 analysis.
Are donations to Drum Point Project Inc tax-deductible?
Drum Point Project Inc is registered as a tax-exempt nonprofit (EIN: 521335361). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Drum Point Project Inc located?
Drum Point Project Inc is headquartered in Lusby, Maryland and files with the IRS under EIN 521335361.
How many years of IRS 990 filings does Drum Point Project Inc have?
Drum Point Project Inc has 14 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 $114K in total revenue.
Filing History
IRS 990 filing history for Drum Point Project Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Drum Point Project Inc's revenue has grown by 50.8%, moving from $63K to $96K. Total assets decreased by 2.5% over the same period, from $530K to $517K. Total functional expenses rose by 22.6%, from $59K to $72K. In its most recent filing year (2024), Drum Point Project Inc reported a surplus of $23K, with revenue exceeding expenses. The organization holds $56K in liabilities against $517K in assets (debt-to-asset ratio: 10.9%), resulting in net assets of $460K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $96K | $72K | $517K | $56K | — | — |
| 2023 | $99K | $91K | $508K | $71K | — | View 990 |
| 2022 | $80K | $72K | $517K | $88K | — | View 990 |
| 2021 | $83K | $51K | $520K | $101K | — | — |
| 2020 | $58K | $64K | $488K | $113K | — | View 990 |
| 2019 | $66K | $64K | $505K | $123K | — | View 990 |
| 2018 | $66K | $65K | $516K | $136K | — | View 990 |
| 2017 | $54K | $57K | $472K | $93K | — | View 990 |
| 2016 | $54K | $54K | $484K | $103K | — | View 990 |
| 2015 | $50K | $57K | $495K | $113K | — | View 990 |
| 2014 | $52K | $57K | $512K | $124K | — | View 990 |
| 2013 | $57K | $51K | $524K | $131K | — | View 990 |
| 2012 | $56K | $55K | $525K | $138K | — | View 990 |
| 2011 | $63K | $59K | $530K | $144K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $96K, expenses of $72K, and assets of $517K (revenue -3.6% year-over-year).
- 2023: Revenue of $99K, expenses of $91K, and assets of $508K (revenue +23.6% year-over-year).
- 2022: Revenue of $80K, expenses of $72K, and assets of $517K (revenue -4.0% year-over-year).
- 2021: Revenue of $83K, expenses of $51K, and assets of $520K (revenue +44.8% year-over-year).
- 2020: Revenue of $58K, expenses of $64K, and assets of $488K (revenue -12.7% year-over-year).
- 2019: Revenue of $66K, expenses of $64K, and assets of $505K (revenue +0.6% year-over-year).
- 2018: Revenue of $66K, expenses of $65K, and assets of $516K (revenue +22.7% year-over-year).
- 2017: Revenue of $54K, expenses of $57K, and assets of $472K (revenue -1.5% year-over-year).
- 2016: Revenue of $54K, expenses of $54K, and assets of $484K (revenue +8.2% year-over-year).
- 2015: Revenue of $50K, expenses of $57K, and assets of $495K (revenue -3.0% year-over-year).
- 2014: Revenue of $52K, expenses of $57K, and assets of $512K (revenue -8.8% year-over-year).
- 2013: Revenue of $57K, expenses of $51K, and assets of $524K (revenue +0.6% year-over-year).
- 2012: Revenue of $56K, expenses of $55K, and assets of $525K (revenue -10.8% year-over-year).
- 2011: Revenue of $63K, expenses of $59K, and assets of $530K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Drum Point Project Inc:
Data Sources and Methodology
This transparency report for Drum Point Project 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.