Lyle Rakers Charitable Foundation

Analysis

Lyle Rakers Charitable Foundation is a registered charity in United States, based in Cottleville, MO. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lyle Rakers Charitable Foundation reported income of $182k and spending of $301k, spending 166% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $134k to $182k (+36%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 136% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lyle Rakers Charitable Foundation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within MO. Charities of a similar size with the same main cause include Preston Group of Alcoholics Anonymous ($182k), Usra Coalition ($182k) and Armer Foundation for Kids ($182k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% of the total. At year end it held assets of $38k against liabilities of $0, net assets of $38k.