Tower Lights Charities Inc

Analysis

Tower Lights Charities Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, Tower Lights Charities Inc reported income of $245k and spending of $140k, leaving 43% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $451k to $245k (-46%), an average of -46% a year. The sharpest change came in the year to December 2023, when income dropped by 46%. Over the whole period it spent 70% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Tower Lights Charities Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within GA. Charities of a similar size with the same main cause include Kiwanis Club of San Jose Foundation Inc ($244k), Simple Charity Inc ($245k) and WBCS Inc ($244k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% of the total. At year end it held assets of $375k against liabilities of $52k, net assets of $323k.