Floodlight Inc

Analysis

Floodlight Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2021, 5 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, Floodlight Inc reported income of $1.6m and spending of $1.3m, spending 82% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $887k to $1.6m (+86%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 69% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Floodlight Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 63rd percentile within DC. Charities of a similar size with the same main cause include Portland Theater Productions ($1.6m), Heartland Science and Technology Group ($1.6m) and Fitchburg Art Museum ($1.6m).

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 $178k (13% of expenses). Other salaries and wages came to $797k. At year end it held assets of $1.3m against liabilities of $2,939, net assets of $1.3m.