Project Light of Manatee Inc

Analysis

Project Light of Manatee Inc is a registered charity in United States, based in Bradenton, FL. It received its IRS tax-exemption ruling in November 1994, 32 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 December 2023, Project Light of Manatee Inc reported income of $501k and spending of $281k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $119k to $501k (+322%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 124%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Project Light of Manatee Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 73rd percentile within FL. Charities of a similar size with the same main cause include For the Nations DC ($501k), Whispering Pines Christian School ($501k) and Michigan Dental Association Foundation ($501k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $153k (55% of expenses). At year end it held assets of $485k against liabilities of $7,797, net assets of $477k. It reported 4 employees.