Virginia · Nonprofit
LIFE RING FOUNDATION
LIFE RING FOUNDATION (Virginia) receives grants from 19 organizations whose IRS filings report $1,340,034 to it, the largest being JIM AND DEBBIE PETRINE FOUNDATION ($847,073). 5 of them have funded it in more than one year.
- Revenue FY2024
- $1.8M
- Funders on record
- 19
- Grants received
- $1.3M
- Net assets
- $1.9M
What Life Ring Foundation does
Mission
The foundation was created to provide charitable and emergency assistance to indivuduals and tax-exempt organizations. The foundation also funds scholarships for individuals to attend virginia tech.
As stated on its FY2024 Form 990.
Programs
The foundation provided general donations to non-profits such as children's miracle network, vwcc educational foundation, we are one llc, and virginia tech foundation to further their charitable works.
$60,065 spentof which $60,065 as grants53% of program spendingThe foundation provided general donations to non-profits such as children's miracle network, vwcc educational foundation, we are one llc, and virginia tech foundation to further their charitable works.
$53,389 spent47% of program spending
The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $113,454.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $308k to $1.9M (+503%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
122% of LIFE RING FOUNDATION’s revenue is contributions — more reliant on donations than three-quarters of its peers (82% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 7 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2019 → 2023: the base broadened from 1 funder to 7 funders, grant income rose $6k → $170k.
6 of 19 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 24% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of LIFE RING FOUNDATION’s funders (the co-funder graph). Top 18 of 19 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
LIFE RING FOUNDATION leans on a few funders — its largest provides 63% of grant income and the top three 85%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
27% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund LIFE RING FOUNDATION.
Largest funder’s share by year: 2019 100% · 2023 44% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
93% of LIFE RING FOUNDATION's grant income comes from Virginia funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $316k arriving through sponsors registered in 5 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
LIFE RING FOUNDATION runs a healthier operating margin than three-quarters of the 2,910 philanthropy nonprofits its size.
this organization peer median middle 50% of peers· 2,910 philanthropy nonprofits $1M–$10M, FY2024
Organizations like LIFE RING FOUNDATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Virginia
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
33% of spending goes to programs.
Governance
Public support
99%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for LIFE RING FOUNDATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds LIFE RING FOUNDATION?
- LIFE RING FOUNDATION (Virginia) receives grants from 19 organizations whose IRS filings report $1,340,034 to it, the largest being JIM AND DEBBIE PETRINE FOUNDATION ($847,073). 5 of them have funded it in more than one year.
- How many funders does LIFE RING FOUNDATION have?
- IRS filings report 19 organizations giving $1,340,034 in grants to LIFE RING FOUNDATION, 5 of which have funded it in more than one year.
- Who is the largest funder of LIFE RING FOUNDATION?
- JIM AND DEBBIE PETRINE FOUNDATION is the largest funder on record, with $847,073 in grants. The full list of funders is on this page.
- How can an organization like LIFE RING FOUNDATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Virginia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 19 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing