A Little Piece of Light Inc

Analysis

A Little Piece of Light Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, A Little Piece of Light Inc reported income of $898k and spending of $445k, leaving 50% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $423k to $898k (+113%), an average of +46% a year. The sharpest change came in the year to June 2022, when income rose by 126%. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, A Little Piece of Light Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Homeownership Center of Tacoma ($898k), Givens Affordable Communities Inc ($899k) and Kennedy Commission ($898k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $100k (22% of expenses). Other salaries and wages came to $186k. At year end it held assets of $685k against liabilities of $81k, net assets of $604k. It reported 8 employees.