Loud Light

Analysis

Loud Light is a registered charity in United States, based in Destin, FL. It received its IRS tax-exemption ruling in January 2016, 10 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Loud Light reported income of $816k and spending of $603k, leaving 26% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $745k to $816k (+9.5%), an average of +3.1% a year. The sharpest change came in the year to December 2022, when income rose by 78%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Loud Light sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Laurel Volunteer Rescue Squad Inc ($816k), Southwestern Community College Education Foundation ($816k) and Stablish Foundation ($816k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $79k (13% of expenses). Other salaries and wages came to $344k. At year end it held assets of $1.0m against liabilities of $5,931, net assets of $1.0m. It reported 11 employees.