Drycleaning & Laundry Institute
EIN: 360726330 · Laurel, MD
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $1.4M |
| Net Assets | $9.8M |
Is Drycleaning & Laundry Institute Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Drycleaning & Laundry Institute
Drycleaning & Laundry Institute (EIN: 360726330) is a nonprofit organization based in Laurel, MD. The organization reported total revenue of $2.5M and total assets of $10.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Drycleaning & Laundry Institute's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Drycleaning & Laundry Institute is a mid-size nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -1.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.4M |
| Surplus / Deficit | +$284K |
| Total Assets | $10.2M |
| Total Liabilities | $495K |
| Net Assets | $9.8M |
| Operating Margin | 16.5% |
| Debt-to-Asset Ratio | 4.8% |
| Months of Reserves | 85.3 months |
Financial Health Grade: A
In 2024, Drycleaning & Laundry Institute reported a surplus of $284K with revenue exceeding expenses, holds 85.3 months of operating reserves (strong position), has a debt-to-asset ratio of 4.8% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Drycleaning & Laundry Institute's revenue has declined at a compound annual growth rate (CAGR) of -1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -64.1% | +3.2% | +12.2% |
| 2023 | +220.6% | -2.5% | -5.2% |
| 2022 | -13.4% | +11.6% | +5.1% |
| 2021 | -2.7% | -33.9% | +22.8% |
| 2020 | -64.8% | +2.5% | -9.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1981 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Drycleaning & Laundry Institute 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 Drycleaning & Laundry Institute 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 $284K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.8%.
Frequently Asked Questions about Drycleaning & Laundry Institute
Is Drycleaning & Laundry Institute a legitimate charity?
Drycleaning & Laundry Institute (EIN: 360726330) is a registered tax-exempt nonprofit based in Maryland. It has 13 years of IRS 990 filings on record. Total revenue: $2.5M. No red flags identified. Financial health grade: A.
How does Drycleaning & Laundry Institute spend its money?
Drycleaning & Laundry Institute reported $2.5M in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Drycleaning & Laundry Institute tax-deductible?
Drycleaning & Laundry Institute is registered as a tax-exempt nonprofit (EIN: 360726330). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Drycleaning & Laundry Institute located?
Drycleaning & Laundry Institute is headquartered in Laurel, Maryland and files with the IRS under EIN 360726330.
How many years of IRS 990 filings does Drycleaning & Laundry Institute have?
Drycleaning & Laundry Institute has 13 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 $2.5M in total revenue.
Filing History
IRS 990 filing history for Drycleaning & Laundry Institute showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Drycleaning & Laundry Institute's revenue has declined by 19%, moving from $2.1M to $1.7M. Total assets increased by 199.7% over the same period, from $3.4M to $10.2M. Total functional expenses fell by 17.1%, from $1.7M to $1.4M. In its most recent filing year (2024), Drycleaning & Laundry Institute reported a surplus of $284K, with revenue exceeding expenses. The organization holds $495K in liabilities against $10.2M in assets (debt-to-asset ratio: 4.8%), resulting in net assets of $9.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.7M | $1.4M | $10.2M | $495K | — | View 990 |
| 2023 | $4.8M | $1.4M | $9.1M | $250K | — | View 990 |
| 2022 | $1.5M | $1.4M | $9.6M | $303K | — | View 990 |
| 2021 | $1.7M | $1.3M | $9.2M | $424K | — | — |
| 2020 | $1.8M | $1.9M | $7.5M | $563K | — | — |
| 2019 | $5.1M | $1.9M | $8.2M | $550K | — | View 990 |
| 2018 | $2.5M | $1.9M | $4.9M | $567K | — | View 990 |
| 2017 | $1.7M | $1.8M | $4.2M | $579K | — | View 990 |
| 2016 | $2.2M | $1.8M | $4.4M | $687K | — | View 990 |
| 2015 | $1.8M | $1.8M | $3.9M | $664K | — | View 990 |
| 2014 | $2.4M | $1.8M | $4.0M | $688K | — | View 990 |
| 2013 | $1.6M | $1.7M | $3.3M | $746K | — | View 990 |
| 2012 | $2.1M | $1.7M | $3.4M | $783K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.7M, expenses of $1.4M, and assets of $10.2M (revenue -64.1% year-over-year).
- 2023: Revenue of $4.8M, expenses of $1.4M, and assets of $9.1M (revenue +220.6% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.4M, and assets of $9.6M (revenue -13.4% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.3M, and assets of $9.2M (revenue -2.7% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.9M, and assets of $7.5M (revenue -64.8% year-over-year).
- 2019: Revenue of $5.1M, expenses of $1.9M, and assets of $8.2M (revenue +105.1% year-over-year).
- 2018: Revenue of $2.5M, expenses of $1.9M, and assets of $4.9M (revenue +47.5% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.8M, and assets of $4.2M (revenue -25.7% year-over-year).
- 2016: Revenue of $2.2M, expenses of $1.8M, and assets of $4.4M (revenue +28.3% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.8M, and assets of $3.9M (revenue -26.3% year-over-year).
- 2014: Revenue of $2.4M, expenses of $1.8M, and assets of $4.0M (revenue +47.8% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.7M, and assets of $3.3M (revenue -24.5% year-over-year).
- 2012: Revenue of $2.1M, expenses of $1.7M, and assets of $3.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Drycleaning & Laundry Institute:
Data Sources and Methodology
This transparency report for Drycleaning & Laundry Institute 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.