Local Impact for Families and Team Osan
Public records show a registered, tax-exempt organization in good standing.
What it says it does
LIFT Osan is organized as a nonprofit entity and shall be operated exclusively for charitable and educational purposes, in accordance with Section 501(c)(3) of the Internal Revenue Code (Code), or corresponding sections of any future federal tax code. The specific purpose of LIFT Osan shall be to raise funds through the operation of the Osan Thrift Shop to sponsor educational programs, charitable activities, and outreach projects benefitting service members, families, and civilians stationed at Osan Air Base and other United States Forces Korea (USFK) installations.
- Income
- $48,134
- Spending
- $61,429
- Reserves
- 12.6 months of spending
- Largest source of income
- fees for its services, 100%
Source: Form 990EZ for the year ending April 30, 2026, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 79 out of 100. Higher than 58% of charities in its peer group (human services, under $250k).
Reserves
35 of 35Spendable reserves would cover 12.6 months of spending.
Debt
20 of 20It owes 0% of what it owns.
Living within its means
0 of 15Spending exceeded income by 28% of income.
Source: Form 990EZ for the year ending April 30, 2026, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
This organization files the short tax form, which does not ask about boards, policies or audits. That is normal for a small charity and is not a mark against it.
Source: Form 990EZ for the year ending April 30, 2026, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (2)
- $17,500 spent. Distributed $17,500 in scholarships to active duty dependents in the Osan AB community. Recipients were children and spouses of active duty military members stationed at Osan AB, ROK for both university and continuing education
- $11,173 spent. Distributed $11,173 in charitable and community grants to organizations at Osan AB, ROK. Recipients were DOWEA institutions (Osan Elementary & Middle/High schools) who requested support for sports teams, the school's library and other programs, the Osan AB Red Cross, Osan Scouts, and other organizations that support service members and civilians at Osan AB, ROK.
Source: Form 990EZ for the year ending April 30, 2026, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Worth knowing.
Status was revoked on August 15, 2017 for not filing returns for three years. The IRS now lists it as tax-exempt again.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending April 2026.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Worth knowing.
Recognized by the IRS in April 2026. It is too new to have a track record.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.