Candle Wishes Foundation

Analysis

Candle Wishes Foundation is a registered charity in United States, based in Murfreesboro, TN. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Candle Wishes Foundation reported income of $83k and spending of $93k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $35k to $83k (+138%), an average of +138% a year. The sharpest change came in the year to December 2023, when income rose by 138%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Candle Wishes Foundation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within TN. Charities of a similar size with the same main cause include Houston Group Home Inc ($83k), Roxbury Cultural District Inc ($83k) and B Love Foundation ($83k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $88k against liabilities of $0, net assets of $88k.