Lights 4 Hope Inc

Analysis

Lights 4 Hope Inc is a registered charity in United States, based in Lake Worth, FL. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Lights 4 Hope Inc reported income of $62k and spending of $20k, leaving 68% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $23k to $62k (+173%), an average of +173% a year. The sharpest change came in the year to December 2023, when income rose by 173%. Over the whole period it spent 49% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lights 4 Hope Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 28th percentile within FL. Charities of a similar size with the same main cause include Edenton Farmers Market ($62k), Itiah Angels for Learning Inc ($62k) and Highlands County Ag-Venture Inc ($62k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% of the total. Compensation of current officers, directors and key employees was $5,737 (29% of expenses). At year end it held assets of $64k against liabilities of $300, net assets of $64k. It reported 21 employees.