Lightning Boy Foundation Inc

Analysis

Lightning Boy Foundation Inc is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Lightning Boy Foundation Inc reported income of $646k and spending of $408k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $306k to $646k (+111%), an average of +111% a year. The sharpest change came in the year to December 2023, when income rose by 111%. Over the whole period it spent 63% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Lightning Boy Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within NM. Charities of a similar size with the same main cause include Public Glass ($646k), Andson Inc ($646k) and Project 1649 Inc ($646k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 6.8% of the total. Compensation of current officers, directors and key employees was $61k (15% of expenses). At year end it held assets of $488k against liabilities of $0, net assets of $488k.