Illuminations Foundation Inc

Analysis

Illuminations Foundation Inc is a registered charity in United States, based in Alpharetta, GA. It received its IRS tax-exemption ruling in October 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Illuminations Foundation Inc reported income of $46.3m and spending of $45.4m, spending 98% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $18.6m to $46.3m (+149%), an average of +36% a year. The sharpest change came in the year to December 2021, when income rose by 100%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Illuminations Foundation Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within GA. Charities of a similar size with the same main cause include Jewish Federation of Palm Beach County Inc ($46.1m), Tides Network ($46.3m) and California Health Foundation and Trust ($46.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5.0m against liabilities of $0, net assets of $5.0m.