Guiding Light Home for Boys

Analysis

Guiding Light Home for Boys is a registered charity in United States, based in Moreno Valley, CA. It received its IRS tax-exemption ruling in May 2000, 26 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Guiding Light Home for Boys reported income of $2.5m and spending of $2.4m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.5m (+52%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 93% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Guiding Light Home for Boys 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 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Harriman Summer Camp S-11 Inc ($2.5m), Marthas Vineyard Boys and Girls Club Incorporated ($2.5m) and Chicago Survivors Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $174k (7.3% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.4m against liabilities of $818k, net assets of $606k. It reported 54 employees.