Festival of Light Inc

Analysis

Festival of Light Inc is a registered charity in United States, based in Chickasha, OK. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 February 2024, Festival of Light Inc reported income of $359k and spending of $314k, spending 87% of its income. Across the 5 years on record, from February 2020 to February 2024, income grew from $320k to $359k (+12%), an average of +3.0% a year. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Festival of Light Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within OK. Charities of a similar size with the same main cause include PWC Hockey Club ($359k), Lakeshore Swim Club Corp ($360k) and Josephine Guzman Youth Center ($359k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 41% and program service revenue 15% of the total. At year end it held assets of $499k against liabilities of $90k, net assets of $409k. It reported 53 employees.