Texas · Nonprofit
RAINDROP FOUNDATION INC
RAINDROP FOUNDATION INC (Texas) receives grants from 13 organizations whose IRS filings report $8,960,741 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($8,127,168). 8 of them have funded it in more than one year, and 98% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2024
- $4.8M
- Funders on record
- 13
- Grants received
- $9.0M
- Net assets
- $11M
What Raindrop Foundation Inc does
Mission
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.
As stated on its FY2024 Form 990.
Program
Achievements encompass a variety of educational and cultural programs, weekend schools, festivals, and charitable services offered through community centers.Key accomplishments and program activities held throughout the year featured winter and spring retreat conferences, educational initiatives, cultural festivals, and themed events.
$3,227,875 spentof which $399,700 as grants$924,710 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $3,227,875.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2018 to 2019, from $12M to $8.5M (−30%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2021 6% · 2024 1%. Grants only. Government contracts and fees sit inside program revenue.
74% of RAINDROP FOUNDATION INC’s revenue is contributions — more donation-reliant than the typical peer (48% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
David Meral
CEO
Board chair
Ishak Karatay
Chairman
As listed on its FY2024 Form 990.
The chief executive listed changed between the FY2021 and FY2022, and between the FY2023 and FY2024 filings.
Who funds it, year by year
2017 → 2023: the base broadened from 1 funder to 4 funders, grant income rose $15k → $1.4M.
5 of 13 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 98% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of RAINDROP FOUNDATION INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
RAINDROP FOUNDATION INC leans on a few funders — its largest provides 91% of grant income and the top three 97%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
99% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund RAINDROP FOUNDATION INC.
Largest funder’s share by year: 2017 100% · 2018 55% · 2019 95% · 2020 75% · 2021 71% · 2022 96% · 2023 93% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
50% of RAINDROP FOUNDATION INC's funders are still giving 3 years after their first grant; 62% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
98% of RAINDROP FOUNDATION INC's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $178k that is directly attributable, 93% of it comes from Texas funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $8.8M arriving through sponsors registered in 4 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
RAINDROP FOUNDATION INC runs a healthier operating margin than three-quarters of the 11,752 education nonprofits its size.
this organization peer median middle 50% of peers· 11,752 education nonprofits $1M–$10M, FY2024
Organizations like RAINDROP FOUNDATION INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Texas
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
84% of spending goes to programs.
Governance
Public support
100%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for RAINDROP FOUNDATION INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds RAINDROP FOUNDATION INC?
- RAINDROP FOUNDATION INC (Texas) receives grants from 13 organizations whose IRS filings report $8,960,741 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($8,127,168). 8 of them have funded it in more than one year, and 98% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does RAINDROP FOUNDATION INC have?
- IRS filings report 13 organizations giving $8,960,741 in grants to RAINDROP FOUNDATION INC, 8 of which have funded it in more than one year.
- Who is the largest funder of RAINDROP FOUNDATION INC?
- FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $8,127,168 in grants. The full list of funders is on this page.
- How can an organization like RAINDROP FOUNDATION INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Texas. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 13 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing