Searchlight Center Inc

Analysis

Searchlight Center Inc is a registered charity in United States, based in Hobart, OK. It received its IRS tax-exemption ruling in December 1985, 41 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 2024, Searchlight Center Inc reported income of $5.5m and spending of $5.1m, spending 92% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $4.1m to $5.5m (+36%), an average of +7.9% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Searchlight Center Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within OK. Charities of a similar size with the same main cause include River Valley Rescources Inc ($5.5m), Sacramento Regional Conservation Corps Inc ($5.5m) and Valeo Vocation ($5.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% and program service revenue 6.6% of the total. Other salaries and wages came to $3.5m. At year end it held assets of $7.0m against liabilities of $4.1m, net assets of $2.9m. It reported 211 employees.