Light Foundation Inc

Analysis

Light Foundation Inc is a registered charity in United States, based in Pageland, SC. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Light Foundation Inc reported income of $59k and spending of $52k, spending 87% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $82k to $59k (-28%), an average of -15% a year. The sharpest change came in the year to December 2022, when income dropped by 18%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Light Foundation Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 29th percentile within SC. Charities of a similar size with the same main cause include The Hopewell Valley Education Foundation Inc ($59k), Gesharim Inc ($59k) and Rotary Foundation of Shepherdstown ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 159% of the total. At year end it held assets of $65k against liabilities of $0, net assets of $65k.