Isralight South Florida Inc

Analysis

Isralight South Florida Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in September 1999, 27 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Isralight South Florida Inc reported income of $3.9m and spending of $3.1m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $3.9m (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Isralight South Florida Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Jewish Community Center of Ashville Inc ($3.9m), The Pathway Study Center Inc ($3.9m) and Set Free Ministries ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $76k (2.4% of expenses). Other salaries and wages came to $96k. At year end it held assets of $2.5m against liabilities of $41k, net assets of $2.5m. It reported 4 employees.