Overview

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Est.

2000

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

The Raindrop Foundation, Inc. is a 501(c)(3) nonprofit organization founded in 2000, focusing on adult education and the promotion of cultural understanding through community services. With an operating budget of $3.5 million and total revenue of $4.8 million for the filing year 2024, the Foundation demonstrates significant financial scale and diversity in funding sources. The organization does not rely on a single funder for 50% or more of its revenue, ensuring a broad base of support for its mission to cultivate friendship and understanding among diverse cultures. For more information, visit their website at www.raindrophouston.org.

Mission Statement

The Raindrop Foundation, Inc (the Foundation) is a non-profit 501(c)(3) educational, charitable, social and cultural organization founded in 2000. The Foundation aims to cultivate friendship and promote understanding of diverse cultures through its unique services to the community.
Revenues
$4.8M
Expenses
$3.9M
Net Income:
+$926.9K
Assets
$15.6M
Liabilities
$4.7M
Net Assets:
+$10.9M
Operating Budget
$3.5M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
5
Median grant size
$17.5K
Largest grant received
$1.6M
D
David Meral
Board Member
I
Ishak Karatay
Board Member
A
Alperen Tas
Board Member

Frequently Asked Questions

What is RAINDROP FOUNDATION INC’s budget?
In 2024, RAINDROP FOUNDATION INC reported an annual operating budget of around $3.5 million. More detailed financial information is available to registered users.
What causes does RAINDROP FOUNDATION INC support?
RAINDROP FOUNDATION INC supports work in Adult education.
Where does RAINDROP FOUNDATION INC operate?
RAINDROP FOUNDATION INC is headquartered in Houston, TX.
Who funded RAINDROP FOUNDATION INC recently?
In 2025, RAINDROP FOUNDATION INC received grants from AMERICAN ONLINE GIVING FOUNDATION INC, FIDELITY INVESTMENTS CHARITABLE GIFT FUND, and AMERICAN ONLINE GIVING FOUNDATION INC. More information on this organization’s funders is available to registered users.
What is the largest grant RAINDROP FOUNDATION INC received in 2024?
The largest grant to RAINDROP FOUNDATION INC in 2024 exceeds $1.6 million.
What is RAINDROP FOUNDATION INC’s reliance on government grants?
RAINDROP FOUNDATION INC relied on government grants for less than 5% of their total revenue in 2024.