Lightning Robotics

Analysis

Lightning Robotics is a registered charity in United States, based in Canton, MI. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Lightning Robotics reported income of $128k and spending of $143k, spending 112% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $105k to $128k (+22%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 119% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lightning Robotics sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within MI. Charities of a similar size with the same main cause include Salinas High Music Association ($128k), Cuero Gobbler All Sports Booster Club Inc ($128k) and Albert Lea Wrestling Booster Club ($128k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 47% of the total. At year end it held assets of $59k against liabilities of $0, net assets of $59k.