Guiding Light Academy

Analysis

Guiding Light Academy is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in March 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, Guiding Light Academy reported income of $534k and spending of $279k, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $205k to $534k (+160%), an average of +27% a year. The sharpest change came in the year to December 2020, when income rose by 107%. Over the whole period it spent 41% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Guiding Light Academy sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Sri Gaur Nitai Society ($534k), Elca Youth Ministry Network ($534k) and Newport News Potters House ($534k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Other salaries and wages came to $88k. At year end it held assets of $1.6m against liabilities of $1,676, net assets of $1.6m.