First Light Community of Mobile Inc

Analysis

First Light Community of Mobile Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in February 1975, 51 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 December 2023, First Light Community of Mobile Inc reported income of $3.3m and spending of $2.8m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $3.3m (+54%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 41%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, First Light Community of Mobile Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 93rd percentile within AL. Charities of a similar size with the same main cause include Jewish Free Loan Association ($3.3m), Cerebral Palsy of Utah ($3.3m) and Providence Ministries Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 9.4% of the total. Compensation of current officers, directors and key employees was $76k (2.7% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $3.8m against liabilities of $616k, net assets of $3.2m. It reported 77 employees.