Key Light Homes Inc

Analysis

Key Light Homes Inc is a registered charity in United States, based in Lecanto, FL. It received its IRS tax-exemption ruling in April 1988, 38 years ago. 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 June 2023, Key Light Homes Inc reported income of $87k and spending of $97k, spending 111% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $89k to $87k (-1.5%), an average of -1.5% a year. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Key Light Homes Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 37th percentile within FL. Charities of a similar size with the same main cause include Georgia Youth Science & Technology Center Inc ($87k), The Yana Club of Hilton Head Island Incorporated ($87k) and Veterans Corner ($87k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $164k against liabilities of $205k, net assets of -$40k.