Little Light of Mine Inc

Analysis

Little Light of Mine Inc is a registered charity in United States, based in Bayside, NY. It received its IRS tax-exemption ruling in July 2014, 12 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, Little Light of Mine Inc reported income of $630k and spending of $611k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $353k to $630k (+79%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 174%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Little Light of Mine Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Desplaines Community Senior Center ($630k), New Vision for Independence Inc ($630k) and Frozen Food Foundation ($630k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $66k (11% of expenses). Other salaries and wages came to $204k. At year end it held assets of $471k against liabilities of $510k, net assets of -$40k. It reported 29 employees.