Light Foundation

Analysis

Light Foundation is a registered charity in United States, based in Greenville, OH. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Foundation reported income of $1.9m and spending of $1.7m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $1.9m (+4.9%), an average of +1.2% a year. The sharpest change came in the year to December 2023, when income dropped by 38%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Light Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within OH. Charities of a similar size with the same main cause include Rochester Area Community Foundation Initiatives Inc ($1.9m), Vickery Meadow Youth Development Foundation ($1.9m) and International Lifeline Fund ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 0.5% of the total. Other salaries and wages came to $749k. At year end it held assets of $7.1m against liabilities of $588k, net assets of $6.5m. It reported 16 employees.