Light Collective

Analysis

Light Collective is a registered charity in United States, based in Shoreline, WA. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Light Collective reported income of $326k and spending of $212k, leaving 35% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $226k to $326k (+44%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 124%. Over the whole period it spent 72% 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 sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within WA. Charities of a similar size with the same main cause include Hospital Authority of Marion County ($325k), Urban Restoration Counseling Center ($326k) and Product Quality Research Institute Inc ($325k).

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 $92k (43% of expenses). At year end it held assets of $197k against liabilities of $0, net assets of $197k. It reported 1 employees.