Life Raft International Inc

Analysis

Life Raft International Inc is a registered charity in United States, based in Lincoln, VA. It received its IRS tax-exemption ruling in June 2012, 14 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 May 2023, Life Raft International Inc reported income of $232k and spending of $237k, spending 102% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $483k to $232k (-52%), an average of -17% a year. The sharpest change came in the year to May 2023, when income dropped by 27%. Over the whole period it spent 102% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Life Raft International Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within VA. Charities of a similar size with the same main cause include Build and Restore International ($232k), Madeforthem ($232k) and Soarway Foundation ($232k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $33k (14% of expenses). Other salaries and wages came to $31k. At year end it held assets of $48k against liabilities of $516, net assets of $47k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.