Project Light

Analysis

Project Light is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in October 1980, 46 years ago. 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, Project Light reported income of $76k and spending of $27k, leaving 65% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $525 to $76k (+14306%), an average of +14306% a year. The sharpest change came in the year to December 2023, when income rose by 14306%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Project Light sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 29th percentile within VA. Charities of a similar size with the same main cause include Easley Blessed Foundation ($76k), The Clewiston Museum ($76k) and Woodland Chapel Center for Spiritual Living ($76k).

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 $89k against liabilities of $0, net assets of $89k.