Pockets of Light Inc

Analysis

Pockets of Light Inc is a registered charity in United States, based in Montclair, NJ. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Pockets of Light Inc reported income of $117k and spending of $83k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $44k to $117k (+168%), an average of +168% a year. The sharpest change came in the year to December 2023, when income rose by 168%. Over the whole period it spent 75% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Pockets of Light Inc sits at the 31st percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 49th percentile within NJ. Charities of a similar size with the same main cause include Grains of Good Foundation ($117k), Second St & Hope Inc ($117k) and Tiny Hope Childrens Home ($117k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 122% of the total. At year end it held assets of $204k against liabilities of $0, net assets of $204k.