Saddle Light Center Inc

Analysis

Saddle Light Center Inc is a registered charity in United States, based in Selma, TX. It received its IRS tax-exemption ruling in February 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Saddle Light Center Inc reported income of $234k and spending of $237k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $323k to $234k (-27%), an average of -7.7% a year. The sharpest change came in the year to December 2020, when income dropped by 38%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Saddle Light Center Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Olmalaika Inc ($234k), Blossom Idd Inc ($234k) and This Child Here Inc ($234k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $46k (20% of expenses). Other salaries and wages came to $68k. At year end it held assets of $165k against liabilities of $1,011, net assets of $164k. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.