Fund for Refugee Initiatives

Analysis

Fund for Refugee Initiatives is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fund for Refugee Initiatives reported income of $125k and spending of $152k, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $151k to $125k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fund for Refugee Initiatives sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 45th percentile within CA. Charities of a similar size with the same main cause include LTR Housing Corp ($125k), Santas Posse ($125k) and Calaveras County Seniors Center Inc ($125k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $87k against liabilities of $18k, net assets of $69k.