Is Light Of Day Foundation Inc Legit?

Quick charity verification for Light Of Day Foundation Inc (EIN: 201560386)

Verdict: Light Of Day Foundation Inc appears trustworthy

92/100Mission Score

$623KRevenue

$429KAssets

1Red Flags

5Strengths

Red Flags

Occasional years where expenses exceeded revenue (e.g., 202206, 201712), though these appear to be offset by surpluses in other periods.

Strengths

Consistent reporting of 0% officer compensation, indicating high efficiency and mission focus.
Healthy growth in assets, more than doubling from $220,022 in 2014 to $464,541 in 2023.
Generally strong revenue generation, with the latest filing showing a surplus of $88,606 (202306).
Low liabilities, with only $5,851 reported in 202306, indicating good financial management.
Long history of IRS 990 filings (14 filings), demonstrating transparency and compliance.

Spending Breakdown

How Light Of Day Foundation Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Light Of Day Foundation Inc

Is Light Of Day Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Light Of Day Foundation Inc (EIN: 201560386) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.

Is Light Of Day Foundation Inc a good charity to donate to?

Light Of Day Foundation Inc has a Mission Score of 92/100. Revenue: $623K. Assets: $429K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Light Of Day Foundation Inc?

The Employer Identification Number (EIN) for Light Of Day Foundation Inc is 201560386. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Light Of Day Foundation Inc spend its money?

Light Of Day Foundation Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Light Of Day Foundation Inc's tax-exempt status?

You can verify Light Of Day Foundation Inc's tax-exempt status using EIN 201560386 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

The Light Of Day Foundation Inc demonstrates a generally stable financial position with consistent revenue generation over the past decade, averaging around $450,000-$600,000 annually. In the most recent filing (202306), the organization reported revenue of $538,469 against expenses of $449,863, indicating a healthy surplus. Their assets have shown growth, reaching $464,541 in 2023, up from $220,022 in 2014, suggesting prudent financial management and accumulation of resources. The organization consistently reports 0% officer compensation, which is a strong indicator of financial efficiency and a commitment to directing funds towards its mission rather than executive salaries. This practice enhances transparency and trust, as it signals that leadership is either volunteer-based or compensated through other means not classified as officer compensation on the 990, which is a positive for a nonprofit of this size.

While the overall financial health appears sound, there have been periods where expenses exceeded revenue, such as in 202206 ($351,037 revenue vs. $431,850 expenses) and 201712 ($519,135 revenue vs. $570,218 expenses). However, these deficits appear to be offset by surpluses in other years, maintaining a positive trend in net assets. The organization's liabilities have remained relatively low, with $5,851 reported in 202306, indicating good debt management. The consistent filing of IRS 990s over 14 periods demonstrates a commitment to regulatory compliance and transparency.

Given the consistent revenue, asset growth, and zero reported officer compensation, Light Of Day Foundation Inc appears to be a financially responsible and transparent organization. Their ability to generate surpluses in most years and maintain low liabilities suggests effective financial stewardship. The absence of officer compensation is a significant positive for donor confidence and indicates a strong focus on program delivery.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.