K-Light Inc

Analysis

K-Light Inc is a registered charity in United States, based in Coos Bay, OR. It received its IRS tax-exemption ruling in June 1989, 37 years ago. 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, K-Light Inc reported income of $254k and spending of $202k, leaving 21% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $202k to $254k (+26%), an average of +8.0% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, K-Light Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within OR. Charities of a similar size with the same main cause include Friends of Fisher House Puget Sound ($254k), Westport South Beach Historical Society ($254k) and Clark County Historical Society ($254k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $70k (35% of expenses). Other salaries and wages came to $41k. At year end it held assets of $284k against liabilities of $26k, net assets of $259k. It reported 5 employees.