Light of the World Ministries Incorporated

Analysis

Light of the World Ministries Incorporated is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in November 2012, 14 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 of the World Ministries Incorporated reported income of $115k and spending of $107k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $150k to $115k (-23%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Light of the World Ministries Incorporated sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 44th percentile within FL. Charities of a similar size with the same main cause include Creation Worldview Ministries Inc ($115k), Creative Ministries Inc ($116k) and Agape Medical Mission America Inc ($115k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $38k against liabilities of $3,825, net assets of $34k.