First Light Foundation

Analysis

First Light Foundation is a registered charity in United States, based in Aspen, CO. It received its IRS tax-exemption ruling in September 2004, 22 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, First Light Foundation reported income of $246k and spending of $179k, leaving 27% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $250k to $246k (-1.9%), an average of -0.6% a year. The sharpest change came in the year to December 2023, when income rose by 83%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, First Light Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within CO. Charities of a similar size with the same main cause include Casino Star Theatre Foundation ($246k), California Grape Rootstock Research Foundation ($246k) and Salina Baseball Enterprises Inc ($246k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $205k against liabilities of $0, net assets of $205k.