Is Light Of Day Foundation Inc Legit?

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.