Direct Relief Foundation

Organization Overview

Direct Relief Foundation is located in Santa Barbara, CA. The organization was established in 2007. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Direct Relief Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Direct Relief Foundation generated $10.1m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $4.0m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (16.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO OPERATE SOLELY AND EXCLUSIVELY FOR THE BENEFIT OF DIRECT RELIEF.

Describe the Organization's Program Activity:

THE DIRECT RELIEF FOUNDATION WAS FORMED AS A SUPPORTING ORGANIZATION OF DIRECT RELIEF AND IS ORGANIZED TO OPERATE SOLELY AND EXCLUSIVELY TO SUPPORT, BENEFIT, OR CARRY OUT THE PURPOSES OF DIRECT RELIEF. THE FOUNDATION MAINTAINS CUSTODY OF THE BOARD RESTRICTED INVESTMENT FUND (BRIF), WHICH IS A BOARD DESIGNATED ENDOWMENT. THE PURPOSE OF THE BRIF IS TO PROVIDE A RESERVE FOR CURRENT AND FUTURE OPERATIONS OF DIRECT RELIEF. THE BRIF ALSO PROVIDES FUNDING TO PAY FOR ALL OF DIRECT RELIEF'S FUNDRAISING EXPENSES AND SOME MANAGEMENT AND GENERAL EXPENSES. FOR THE YEAR ENDED JUNE 30, 2022, THE DIRECT RELIEF FOUNDATION TRUSTEES APPROVED FOR THE BRIF TO PROVIDE FUNDS TO DIRECT RELIEF TO COVER ALL OF ITS FUNDRAISING EXPENSES AS WELL AS 100% OF THE COMPENSATION OF DIRECT RELIEF'S CEO.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$3,881,308
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$78,253
Noncash contributions included in lines 1a–1f $9,395
Total Revenue from Contributions, Gifts, Grants & Similar$3,959,561
Total Program Service Revenue$0
Investment income $1,452,876
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $4,702,968
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,115,405

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