Lobiko Initiative

Analysis

Lobiko Initiative is a registered charity in United States, based in Murrieta, CA. It received its IRS tax-exemption ruling in February 2021, 5 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, Lobiko Initiative reported income of $144k and spending of $154k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $185k to $144k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 91% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Lobiko Initiative sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 48th percentile within CA. Charities of a similar size with the same main cause include Christian Education in Liberia ($144k), United Nations Association of San Diego International Gift Shop Inc ($144k) and Explore with Purpose ($144k).

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 $81k against liabilities of $0, net assets of $81k.