Light the Way Inc

Analysis

Light the Way Inc is a registered charity in United States, based in Metropolis, IL. It received its IRS tax-exemption ruling in January 2009, 17 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 the Way Inc reported income of $212k and spending of $274k, spending 129% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $238k to $212k (-11%), an average of -2.8% a year. The sharpest change came in the year to June 2020, when income dropped by 37%. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Light the Way Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within IL. Charities of a similar size with the same main cause include Project America Inc ($212k), Kiryas Joel Community Housing Development Organization Inc ($213k) and Chaparral Senior Housing Inc ($212k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 10.0% of the total. Other salaries and wages came to $56k. At year end it held assets of $332k against liabilities of $416k, net assets of -$84k.

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.