Light World International Kings Corp

Analysis

Light World International Kings Corp is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 2017, 9 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 World International Kings Corp reported income of $163k and spending of $126k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $537k to $163k (-70%), an average of -26% a year. The sharpest change came in the year to December 2020, when income dropped by 49%. Over the whole period it spent 40% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Light World International Kings Corp sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include Free Bethlehem Baptist Church ($163k), Ethiopian Advent Fellowship ($164k) and M25 Barbecue Inc ($163k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% of the total. At year end it held assets of $2.2m against liabilities of $647k, net assets of $1.6m.