Friends of Research4life Inc

Analysis

Friends of Research4life Inc is a registered charity in United States, based in Dover, DE. It received its IRS tax-exemption ruling in November 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of Research4life Inc reported income of $2.9m and spending of $2.9m, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $704k to $2.9m (+315%), an average of +315% a year. The sharpest change came in the year to December 2023, when income rose by 315%. Over the whole period it spent 98% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Friends of Research4life Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within DE. Charities of a similar size with the same main cause include Fonkoze USA Inc ($2.9m), Feed the Hunger Fund ($2.9m) and Days for Girls International ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. It paid $42k in professional fundraising fees. At year end it held assets of $139k against liabilities of $0, net assets of $139k.