Drilling for Life

Analysis

Drilling for Life is a registered charity in United States, based in Reinholds, PA. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Drilling for Life reported income of $398k and spending of $840k, spending 211% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $311k to $398k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2022, when income rose by 114%. Over the whole period it spent 101% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Drilling for Life sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within PA. Charities of a similar size with the same main cause include Together for Haiti ($398k), Empowering Education International ($398k) and Embracing Hope Ethiopia Inc ($397k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $154k against liabilities of $0, net assets of $154k.