Lighted Way Association Inc

Analysis

Lighted Way Association Inc is a registered charity in United States, based in LA Salle, IL. It received its IRS tax-exemption ruling in January 1958, 68 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Lighted Way Association Inc reported income of $3.0m and spending of $2.9m, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.8m to $3.0m (+65%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lighted Way Association Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within IL. Charities of a similar size with the same main cause include Womens Development Corporation ($3.0m), Institute for Washingtons Future ($3.0m) and Compassion Ministries ($3.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 7.3% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $111k (3.9% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $7.0m against liabilities of $3.1m, net assets of $4.0m. It reported 88 employees.