Pilot Light Incorporated

Analysis

Pilot Light Incorporated is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Pilot Light Incorporated reported income of $128k and spending of $147k, spending 115% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $128k to $128k (-0.1%), an average of -0.1% a year. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pilot Light Incorporated sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within TN. Charities of a similar size with the same main cause include Needham Community Theatre Incorporated ($128k), Leviathan Lab Inc ($128k) and Greeley Blues Jam ($128k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. At year end it held assets of $3,321 against liabilities of $8,733, net assets of -$5,412.