Lanterns for Light Foundation

Analysis

Lanterns for Light Foundation is a registered charity in United States, based in Cypress, TX. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lanterns for Light Foundation reported income of $51k and spending of $60k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $70k to $51k (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 114% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Lanterns for Light Foundation sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 20th percentile within TX. Charities of a similar size with the same main cause include Vietnam Social Health Education Projects Inc ($51k), Young Heros Foundation ($51k) and American London Symphony Orchestra Foundation ($51k).

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 $21k against liabilities of $0, net assets of $21k.