Light Source Center Inc

Analysis

Light Source Center Inc is a registered charity in United States, based in West Hartford, CT. It received its IRS tax-exemption ruling in October 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Light Source Center Inc reported income of $88k and spending of $102k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $76k to $88k (+15%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 115% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Light Source Center Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within CT. Charities of a similar size with the same main cause include The Lions Club of Easton Foundation Inc ($88k), Building Lasting Relationships Inc ($88k) and Orange Grove Development No 4 Inc ($88k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. At year end it held assets of $6,726 against liabilities of $10k, net assets of -$3,274.