Light Work Visual Studies Inc

Analysis

Light Work Visual Studies Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in May 1974, 52 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 June 2023, Light Work Visual Studies Inc reported income of $436k and spending of $429k, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $562k to $436k (-22%), an average of -8.1% a year. The sharpest change came in the year to June 2022, when income dropped by 48%. Over the whole period it spent 82% 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 Work Visual Studies Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Actors Conservatory Theatre ($436k), Public Radio News Directors Inc ($436k) and Siletz Tribal Arts and Heritage Society ($436k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 9.9% of the total. At year end it held assets of $2.4m against liabilities of $16k, net assets of $2.4m.