Save the Light Inc

Analysis

Save the Light Inc is a registered charity in United States, based in Folly Beach, SC. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2022, Save the Light Inc reported income of $896k and spending of $96k, leaving 89% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $333k to $896k (+169%), an average of +39% a year. The sharpest change came in the year to December 2022, when income rose by 631%. Over the whole period it spent 52% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Save the Light Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within SC. Charities of a similar size with the same main cause include 1982 Foundation ($896k), Envision Opelika Foundation Inc ($896k) and Discover Klamath Visitor & Convention Bureau ($896k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 92% of the total. Other salaries and wages came to $40k. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m. It reported 1 employees.