Light of the World Clinic Inc

Analysis

Light of the World Clinic Inc is a registered charity in United States, based in Oakland Park, FL. It received its IRS tax-exemption ruling in July 1989, 37 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, Light of the World Clinic Inc reported income of $982k and spending of $782k, leaving 20% of income unspent that year. Across the 5 years on record, from April 2019 to April 2023, income grew from $708k to $982k (+39%), an average of +8.5% a year. The sharpest change came in the year to April 2021, when income rose by 41%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Light of the World Clinic Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include The Young Scholars Institute Inc ($982k), Edmond Mobile Meals Inc ($982k) and Montessori at Roseborough Inc ($982k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 94% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $79k (10% of expenses). Other salaries and wages came to $155k. At year end it held assets of $2.1m against liabilities of $29k, net assets of $2.1m. It reported 5 employees.