DRAKAINA FOUNDATION
MAGNOLIA,
Texas,
77354
EIN: 83-2678710
Philanthropy, Voluntarism and Grantmaking Foundations
MISSION
to help and assist other charities in their causes, within youth education, conservation, and women and children's health.
FORM 1023-EZ for DRAKAINA FOUNDATION
WEBSITE: HTTPS://WWW.DRAKAINAFOUNDATION.ORG/DEMOGRAPHIC
ADDRESS
30973 VICKIE LN
77354
COUNTY
montgomery county, TX
ORGANIZATIONAL OVERVIEW & RANKINGS
DRAKAINA FOUNDATION is a based in MAGNOLIA, TX, focused on Philanthropy, Voluntarism and Grantmaking Foundations causes , specifically Public Foundations. Established in April 2020, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $1,992.00, this ranks 749,565 among 2,656,690 nonprofits nationally (Top 29%), demonstrating moderate financial capacity relative to its peers. At the state level, it stands at 50,085 out of 202,022 organizations in TX (Top 25%).
In montgomery county, TX, the organization ranks 870 out of 3,826 nonprofits by assets (Top 23%), while locally in magnolia, it stands at 79 among 418 organizations (Top 16%).
The organization reported no revenue in the most recent filing period, placing it at 682,025 nationally and 43,405 in TX.
Within its specific NTEE classification (T30 - T: Philanthropy, Voluntarism and Grantmaking Foundations), which includes 17,619 similar organizations, DRAKAINA FOUNDATION ranks 6,937 in assets (Top 40%) and 7,288 in revenue (Top 42%).
The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a November fiscal year. Additional information can be found at HTTPS://WWW.DRAKAINAFOUNDATION.ORG/.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
T: Philanthropy, Voluntarism and Grantmaking Foundations
NTEE CODE
T30: Public Foundations
FOUNDATION CODE
15: Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
12/2021
ACCOUNTING PERIOD
12
INCOME CODE
N/A
INCOME AMOUNT
$0.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
04/2020
ASSET CODE
1: $1 to $9,999
ASSET AMOUNT
$1,992.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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