Guiding Light Foster Care & Adoption

Analysis

Guiding Light Foster Care & Adoption is a registered charity in United States, based in Belton, TX. It received its IRS tax-exemption ruling in October 2022, 4 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, Guiding Light Foster Care & Adoption reported income of $1.4m and spending of $1.2m, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $349k to $1.4m (+310%), an average of +310% a year. The sharpest change came in the year to December 2023, when income rose by 310%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Guiding Light Foster Care & Adoption sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Garden City Harvest Inc ($1.4m), Peace in Schools ($1.4m) and Friends of Orcas Senior Center ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $158k (13% of expenses). Other salaries and wages came to $143k. At year end it held assets of $399k against liabilities of $131k, net assets of $269k. It reported 6 employees.