Guiding Light Mission Inc

Analysis

Guiding Light Mission Inc is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in May 1986, 40 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 June 2024, Guiding Light Mission Inc reported income of $5.3m and spending of $4.8m, spending 89% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $5.9m to $5.3m (-9.1%), an average of -2.4% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Guiding Light Mission Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within MI. Charities of a similar size with the same main cause include Our House Inc ($5.3m), New Garden Friends School Inc ($5.3m) and Veterans Transition Center of California ($5.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 85% and program service revenue 12% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $7.5m against liabilities of $173k, net assets of $7.3m. It reported 27 employees.