Light Collective Inc

Analysis

Light Collective Inc is a registered charity in United States, based in Eugene, OR. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Light Collective Inc reported income of $278k and spending of $248k, spending 89% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $90k to $278k (+209%), an average of +76% a year. The sharpest change came in the year to December 2022, when income rose by 195%. Over the whole period it spent 81% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Light Collective Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within OR. Charities of a similar size with the same main cause include Mankato Clinic Foundation Inc ($278k), American Osteopathic College of Preventive Medicine Inc ($278k) and Crescentcare Holdings Inc ($278k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $194k (78% of expenses). Other salaries and wages came to $30k. At year end it held assets of $121k against liabilities of $0, net assets of $121k.