Light of the World Ministries Inc

Analysis

Light of the World Ministries Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Light of the World Ministries Inc reported income of $145k and spending of $166k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $314k to $145k (-54%), an average of -18% a year. The sharpest change came in the year to December 2020, when income dropped by 47%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Light of the World Ministries Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include Friends of the Opus 76 Quartet ($145k), Trey Clegg Singers Inc ($145k) and Pinole Community Players ($145k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $77k. At year end it held assets of $101k against liabilities of $0, net assets of $101k. It reported 12 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.