Lightning Foundation Inc

Analysis

Lightning Foundation Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in July 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Lightning Foundation Inc reported income of $5.4m and spending of $5.0m, spending 92% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $5.2m to $5.4m (+4.3%), an average of +1.0% a year. The sharpest change came in the year to June 2022, when income rose by 129%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lightning Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Graham Expeditionary Middle School ($5.4m), Educational Assistance Ltd ($5.4m) and Golden Charter Academy ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 50% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $194k (3.9% of expenses). Other salaries and wages came to $972k. At year end it held assets of $3.9m against liabilities of $278k, net assets of $3.7m. It reported 93 employees.