Light of Day Foundation Inc

Analysis

Light of Day Foundation Inc is a registered charity in United States, based in Allenhurst, NJ. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 June 2023, Light of Day Foundation Inc reported income of $538k and spending of $450k, spending 84% of its income. Across the 6 years on record, from December 2018 to June 2023, income grew from $482k to $538k (+12%), an average of +2.2% a year. The sharpest change came in the year to June 2022, when income rose by 209%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Light of Day Foundation Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 76th percentile within NJ. Charities of a similar size with the same main cause include Harmony Womens Care ($538k), Nami of Southern Arizona ($539k) and People and Animal Learning Services Inc ($538k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $70k (16% of expenses). At year end it held assets of $465k against liabilities of $5,851, net assets of $459k.