Light of Truth Center Inc

Analysis

Light of Truth Center Inc is a registered charity in United States, based in Windsor Mill, MD. It received its IRS tax-exemption ruling in October 1999, 27 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, Light of Truth Center Inc reported income of $650k and spending of $649k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $141k to $650k (+362%), an average of +47% a year. The sharpest change came in the year to December 2021, when income rose by 76%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Light of Truth Center Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MD. Charities of a similar size with the same main cause include The Mustard Seed Project of Key Peninsula ($650k), From Con to Christ Dare to Be Different ($651k) and Casa de Paz ($650k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $48k (7.4% of expenses). Other salaries and wages came to $183k. At year end it held assets of $777k against liabilities of $291k, net assets of $486k. It reported 14 employees.