Lightsat Inc

Analysis

Lightsat Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in December 2005, 21 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lightsat Inc reported income of $100k and spending of $122k, spending 122% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $100k to $100k (-0.2%), an average of -0.2% a year. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lightsat Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 40th percentile within FL. Charities of a similar size with the same main cause include Marjaa Inc ($100k), Gurudwara Sahib of Sayre Inc ($100k) and Bineham Mission Foundation ($100k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $81k against liabilities of $0, net assets of $81k.