City Lights & Company

Analysis

City Lights & Company is a registered charity in United States, based in Bridgeport, CT. It received its IRS tax-exemption ruling in March 2008, 18 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, City Lights & Company reported income of $234k and spending of $244k, spending 104% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $236k to $234k (-0.8%), an average of -0.4% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, City Lights & Company sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within CT. Charities of a similar size with the same main cause include Historic Alberta House ($234k), Seattle Chinese Association ($234k) and Barrier-Free Inc ($234k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $59k (24% of expenses). Other salaries and wages came to $12k. At year end it held assets of $43k against liabilities of $287, net assets of $43k. It reported 1 employees.