Light of Morning Star Foundation

Analysis

Light of Morning Star Foundation is a registered charity in United States, based in Fremont, CA. It received its IRS tax-exemption ruling in August 2014, 12 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 Morning Star Foundation reported income of $565k and spending of $563k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $258k to $565k (+119%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 367%. Over the whole period it spent 11% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Light of Morning Star Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Jesus Calls International Inc ($564k), Vietnamese Sangha Congregation in America Phuoc Minh Monastery ($565k) and Jewish Burial Aid Association of Jerusalem Inc ($564k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.0% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $150k (27% of expenses). Other salaries and wages came to $224k. At year end it held assets of $22.1m against liabilities of $1,192, net assets of $22.1m. It reported 5 employees.