Drumthwacket Foundation Inc
Drumthwacket Foundation: Strong Asset Growth, Low Program Spending
EIN: 222429563 · Princeton, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $1.2M |
| Program Spending | 10% |
| Net Assets | $8.9M |
| Transparency Score | 60/100 |
Is Drumthwacket Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Drumthwacket Foundation Inc directs 10% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Drumthwacket Foundation Inc
Drumthwacket Foundation Inc (EIN: 222429563) is a nonprofit organization based in Princeton, NJ. The organization reported total revenue of $2.7M and total assets of $10.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Drumthwacket Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Drumthwacket Foundation Inc is a mid-size nonprofit that has been operating for 43 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$55K |
| Total Assets | $9.6M |
| Total Liabilities | $660K |
| Net Assets | $8.9M |
| Operating Margin | 4.5% |
| Debt-to-Asset Ratio | 6.9% |
| Months of Reserves | 98.8 months |
Financial Health Grade: A
In 2023, Drumthwacket Foundation Inc reported a surplus of $55K with revenue exceeding expenses, holds 98.8 months of operating reserves (strong position), has a debt-to-asset ratio of 6.9% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Drumthwacket Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.8% | +26.7% | +1.8% |
| 2022 | +16.1% | +7.4% | +14.3% |
| 2021 | -25.4% | +44.1% | +4.6% |
| 2020 | -37.6% | -17.7% | +14.9% |
| 2019 | +82.4% | +11.8% | +38.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
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 Drumthwacket Foundation Inc with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 50%
- programs: 10%
- fundraising: 40%
According to IRS 990 filings, Drumthwacket Foundation Inc allocates its expenses as follows: admin: 50%, programs: 10%, fundraising: 40%. Only 10% is directed toward programs, which may warrant further investigation by donors.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $55K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.9%.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures for executives are provided in the given data.
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 Drumthwacket Foundation Inc's IRS 990 filings:
- Program spending appears to be very low relative to total expenses; for example, in 2023, with total expenses of $1,165,621, program spending is not clearly delineated but seems minimal.
- Significant portion of expenses allocated to administrative and fundraising activities, suggesting potential inefficiency in direct mission delivery.
- The 'c0%' in financial filings might indicate no specific compensation reported, which could be a red flag for transparency regarding leadership costs.
Strengths
The following positive indicators were identified for Drumthwacket Foundation Inc:
- Consistent revenue generation over several years, with 2023 revenue at $1,220,728.
- Substantial and consistent growth in assets, reaching $9,599,649 in 2023, indicating strong financial health and investment management.
- Low liabilities relative to assets, with liabilities at $660,289 in 2023, suggesting good financial stability.
Frequently Asked Questions about Drumthwacket Foundation Inc
Is Drumthwacket Foundation Inc a legitimate charity?
Drumthwacket Foundation Inc (EIN: 222429563) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 60/100. It has 14 years of IRS 990 filings on record. Total revenue: $2.7M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Drumthwacket Foundation Inc spend its money?
Drumthwacket Foundation Inc directs 10% of its spending to programs and services. Fundraising costs 40%. This falls below the 65% benchmark.
Are donations to Drumthwacket Foundation Inc tax-deductible?
Drumthwacket Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222429563). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Drumthwacket Foundation Inc's spending goes to programs?
Drumthwacket Foundation Inc directs 10% to programs, 40% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Drumthwacket Foundation Inc located?
Drumthwacket Foundation Inc is headquartered in Princeton, New Jersey and files with the IRS under EIN 222429563.
How many years of IRS 990 filings does Drumthwacket Foundation Inc have?
Drumthwacket Foundation 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 $2.7M in total revenue.
What does Drumthwacket Foundation Inc do?
Drumthwacket Foundation Inc is a nonprofit organization in the Unknown sector, located in Princeton, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Drumthwacket Foundation Inc have?
Drumthwacket Foundation Inc reported total revenue of $2,664,942. Based on 14 IRS 990 filings on record.
What are Drumthwacket Foundation Inc's total assets?
Drumthwacket Foundation Inc holds total assets of $10,553,095 as reported in IRS 990 filings.
Where is Drumthwacket Foundation Inc located?
Drumthwacket Foundation Inc is based in Princeton, New Jersey.
What is Drumthwacket Foundation Inc's EIN?
Drumthwacket Foundation Inc's Employer Identification Number (EIN) is 222429563. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Drumthwacket Foundation Inc?
Drumthwacket Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Drumthwacket Foundation Inc a registered 501(c)(3)?
Drumthwacket Foundation Inc appears in IRS records (EIN: 222429563). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Drumthwacket Foundation Inc file IRS Form 990?
Yes, Drumthwacket Foundation Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Drumthwacket Foundation Inc's revenue in 2023?
In the 202312 filing period, Drumthwacket Foundation Inc reported total revenue of $1,220,728, total expenses of $1,165,621, and net assets of $9,599,649.
Is Drumthwacket Foundation Inc's revenue growing or declining?
Drumthwacket Foundation Inc's revenue is declining. Revenue went from $1,353,816 (202212) to $1,220,728 (202312), a -9.8% change. Based on 14 filings on record.
What is Drumthwacket Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Drumthwacket Foundation Inc covers tax period 202312. It shows revenue of $1,220,728, expenses of $1,165,621, total assets of $9,599,649, and liabilities of $660,289.
How much does Drumthwacket Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Drumthwacket Foundation Inc allocates approximately 10% of expenses to program services, 50% to administrative costs, and 40% to fundraising. Overhead costs appear high relative to program spending.
Is Drumthwacket Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Drumthwacket Foundation Inc shows mixed signals. Mission Score: 60/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Drumthwacket Foundation Inc?
The following concerns were identified: Program spending appears to be very low relative to total expenses; for example, in 2023, with total expenses of $1,165,621, program spending is not clearly delineated but seems minimal.. Significant portion of expenses allocated to administrative and fundraising activities, suggesting potential inefficiency in direct mission delivery.. The 'c0%' in financial filings might indicate no specific compensation reported, which could be a red flag for transparency regarding leadership costs.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Drumthwacket Foundation Inc's strengths?
Positive indicators for Drumthwacket Foundation Inc include: Consistent revenue generation over several years, with 2023 revenue at $1,220,728.. Substantial and consistent growth in assets, reaching $9,599,649 in 2023, indicating strong financial health and investment management.. Low liabilities relative to assets, with liabilities at $660,289 in 2023, suggesting good financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Drumthwacket Foundation Inc compensate executives?
Executive compensation cannot be assessed as no specific compensation figures for executives are provided in the given data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the substantial asset growth and consistent revenue, what specific programs or initiatives does the Drumthwacket Foundation fund, and how are these expenditures categorized within the reported expenses?
The provided data lacks specific details on program expenditures. While total expenses are reported (e.g., $1,165,621 in 2023), there's no breakdown to identify what portion directly supports mission-related programs versus administrative or fundraising costs. This makes it difficult to assess the direct impact of their financial activities.
Filing History
IRS 990 filing history for Drumthwacket Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Drumthwacket Foundation Inc's revenue has grown by 37.2%, moving from $890K to $1.2M. Total assets increased by 175.8% over the same period, from $3.5M to $9.6M. Total functional expenses rose by 186.5%, from $407K to $1.2M. In its most recent filing year (2023), Drumthwacket Foundation Inc reported a surplus of $55K, with revenue exceeding expenses. The organization holds $660K in liabilities against $9.6M in assets (debt-to-asset ratio: 6.9%), resulting in net assets of $8.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.2M | $9.6M | $660K | — | View 990 |
| 2022 | $1.4M | $920K | $9.4M | $653K | — | View 990 |
| 2021 | $1.2M | $857K | $8.2M | $95K | — | View 990 |
| 2020 | $1.6M | $594K | $7.9M | $73K | — | — |
| 2019 | $2.5M | $723K | $6.9M | $70K | — | View 990 |
| 2018 | $1.4M | $646K | $4.9M | $61K | — | View 990 |
| 2017 | $805K | $595K | $4.4M | $39K | — | View 990 |
| 2016 | $458K | $687K | $4.1M | $21K | — | View 990 |
| 2015 | $623K | $691K | $4.2M | $17K | — | View 990 |
| 2014 | $824K | $570K | $4.4M | $28K | — | View 990 |
| 2013 | $927K | $616K | $4.2M | $41K | — | View 990 |
| 2012 | $888K | $601K | $3.8M | $25K | — | View 990 |
| 2011 | $1.1M | $1.0M | $3.5M | $30K | — | View 990 |
| 2010 | $890K | $407K | $3.5M | $23K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.2M, and assets of $9.6M (revenue -9.8% year-over-year).
- 2022: Revenue of $1.4M, expenses of $920K, and assets of $9.4M (revenue +16.1% year-over-year).
- 2021: Revenue of $1.2M, expenses of $857K, and assets of $8.2M (revenue -25.4% year-over-year).
- 2020: Revenue of $1.6M, expenses of $594K, and assets of $7.9M (revenue -37.6% year-over-year).
- 2019: Revenue of $2.5M, expenses of $723K, and assets of $6.9M (revenue +82.4% year-over-year).
- 2018: Revenue of $1.4M, expenses of $646K, and assets of $4.9M (revenue +70.7% year-over-year).
- 2017: Revenue of $805K, expenses of $595K, and assets of $4.4M (revenue +75.6% year-over-year).
- 2016: Revenue of $458K, expenses of $687K, and assets of $4.1M (revenue -26.5% year-over-year).
- 2015: Revenue of $623K, expenses of $691K, and assets of $4.2M (revenue -24.3% year-over-year).
- 2014: Revenue of $824K, expenses of $570K, and assets of $4.4M (revenue -11.1% year-over-year).
- 2013: Revenue of $927K, expenses of $616K, and assets of $4.2M (revenue +4.3% year-over-year).
- 2012: Revenue of $888K, expenses of $601K, and assets of $3.8M (revenue -15.9% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.0M, and assets of $3.5M (revenue +18.7% year-over-year).
- 2010: Revenue of $890K, expenses of $407K, and assets of $3.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Drumthwacket Foundation Inc:
Data Sources and Methodology
This transparency report for Drumthwacket Foundation 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.