DRAKE FOUNDATION INC
COLLIERVILLE,
Tennessee,
38017
EIN: 62-1684643
Philanthropy, Voluntarism and Grantmaking Foundations
DEMOGRAPHIC
ADDRESS
482 HALLE PARK DRIVE SUITE 101
38017
COUNTY
shelby county, TN
IN CARE OF NAME
MICHAEL DRAKE
ORGANIZATIONAL OVERVIEW & RANKINGS
DRAKE FOUNDATION INC is a based in COLLIERVILLE, TN, focused on Philanthropy, Voluntarism and Grantmaking Foundations causes . Established in November 1997, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $102,122.00, this ranks 492,268 among 2,656,690 nonprofits nationally (Top 19%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 8,090 out of 52,500 organizations in TN (Top 16%).
In shelby county, TN, the organization ranks 1,273 out of 12,814 nonprofits by assets (Top 10%), while locally in collierville, it stands at 63 among 400 organizations (Top 16%).
The organization reported no revenue in the most recent filing period, placing it at 1,834,581 nationally and 50,270 in TN.
Within its specific NTEE classification (T22Z - T: Philanthropy, Voluntarism and Grantmaking Foundations), which includes 2,326 similar organizations, DRAKE FOUNDATION INC ranks 1,741 in assets (Top 75%) and 1,913 in revenue (Top 83%).
The organization files a 990 - Not required to file(all other) and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
Other religious activities
NTEE COMMON CODE
T: Philanthropy, Voluntarism and Grantmaking Foundations
NTEE CODE
N/A
FOUNDATION CODE
N/A
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
12/2023
ACCOUNTING PERIOD
12
INCOME CODE
4: $100,000 to $499,999
INCOME AMOUNT
$201,888.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
11/1997
ASSET CODE
4: $100,000 to $499,999
ASSET AMOUNT
$102,122.00
FILING REQUIREMENT CODE
990 - Not required to file(all other)
PF FILING REQUIREMENT CODE
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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