Fiat Lux Foundation

Analysis

Fiat Lux Foundation is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in April 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, Fiat Lux Foundation reported income of $370k and spending of $646k, spending 175% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $25k to $370k (+1407%), an average of +97% a year. The sharpest change came in the year to December 2021, when income rose by 1542%. Over the whole period it spent 115% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fiat Lux Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Community Transportation Agency Inc ($370k), Minnetonka Public Schools Foundation ($370k) and Bedford County Federated Library System Inc ($370k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. At year end it held assets of $372k against liabilities of $0, net assets of $372k.