Choicelight Inc

Analysis

Choicelight Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in December 2005, 21 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Choicelight Inc reported income of $5.9m and spending of $2.3m, leaving 61% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $5.9m (+136%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 137%. Over the whole period it spent 68% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Choicelight Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IN. Charities of a similar size with the same main cause include Chesterfield-Marlboro Counties Economic Opportunity Council Inc ($5.9m), Workforce Dev BD of the Tres Coast ($5.9m) and Texas Economic Development Corporation ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 47% of the total. Compensation of current officers, directors and key employees was $279k (12% of expenses). Other salaries and wages came to $555k. At year end it held assets of $10.7m against liabilities of $1.2m, net assets of $9.5m. It reported 6 employees.