The Radiance Foundation Incorporated

Analysis

The Radiance Foundation Incorporated is a registered charity in United States, based in Purcellville, VA. It received its IRS tax-exemption ruling in March 2010, 16 years ago. 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, The Radiance Foundation Incorporated reported income of $789k and spending of $1.1m, spending 136% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $412k to $789k (+92%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 326%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Radiance Foundation Incorporated 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 76th percentile, and in the 77th percentile within VA. Charities of a similar size with the same main cause include Academic Surgical Congress LLC ($789k), Family Assistance for Renaissance Men ($789k) and Mandan Rodeo Days ($789k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $190k (18% of expenses). Other salaries and wages came to $57k. At year end it held assets of $543k against liabilities of $32k, net assets of $511k. It reported 6 employees.