Rafiki Foundation Incorporated

Analysis

Rafiki Foundation Incorporated is a registered charity in United States, based in Eustis, FL. It received its IRS tax-exemption ruling in March 1988, 38 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, Rafiki Foundation Incorporated reported income of $11.3m and spending of $11.7m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.9m to $11.3m (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 105% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Rafiki Foundation Incorporated sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Association for Cultural Interchange Inc ($11.3m), Busara Center for Behavioral Economics Inc ($11.4m) and International Center for Research on Women ($11.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $154k (1.3% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $21.8m against liabilities of $609k, net assets of $21.2m. It reported 73 employees.