Festival of Lights Inc

Analysis

Festival of Lights Inc is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in February 1991, 35 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 June 2024, Festival of Lights Inc reported income of $123k and spending of $109k, spending 88% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $83k to $123k (+48%), an average of +48% a year. The sharpest change came in the year to June 2024, when income rose by 48%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Festival of Lights Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 39th percentile within CO. Charities of a similar size with the same main cause include Loveland Youth Basketball Association ($123k), Tucson Community Tennis Program ($123k) and JB Charitable Foundation ($123k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 81% and program service revenue 19% of the total. At year end it held assets of $76k against liabilities of $0, net assets of $76k.