One True Light Inc
EIN: 455261115 · Duncan, OK · NTEE: P50
| Metric | Value |
|---|---|
| Total Revenue | $102K |
| Total Expenses | $70K |
| Net Assets | $212K |
Is One True Light Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About One True Light Inc
One True Light Inc (EIN: 455261115) is a nonprofit organization based in Duncan, OK, classified under NTEE code P50. The organization reported total revenue of $102K and total assets of $210K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of One True Light Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
One True Light Inc is a small nonprofit that has been operating for 13 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 16.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $115K |
| Total Expenses | $70K |
| Surplus / Deficit | +$46K |
| Total Assets | $214K |
| Total Liabilities | $2K |
| Net Assets | $212K |
| Operating Margin | 39.6% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 36.9 months |
Financial Health Grade: A
In 2023, One True Light Inc reported a surplus of $46K with revenue exceeding expenses, holds 36.9 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 11 years of filings (2013–2023), One True Light Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.9% | +6.5% | +27.1% |
| 2022 | -2.9% | +20.0% | +28.0% |
| 2021 | +77.7% | -11.8% | +65.6% |
| 2020 | -37.8% | -2.2% | -1.4% |
| 2019 | +18.0% | -12.1% | +65.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for One True Light Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates One True Light Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $46K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.0%.
Frequently Asked Questions about One True Light Inc
Is One True Light Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, One True Light Inc (EIN: 455261115) insufficient data. 0 red flags identified, 0 strengths noted.
How does One True Light Inc spend its money?
Detailed spending breakdown data is not yet available for One True Light Inc. Check back for updated IRS 990 analysis.
Are donations to One True Light Inc tax-deductible?
One True Light Inc is registered as a tax-exempt nonprofit (EIN: 455261115). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is One True Light Inc located?
One True Light Inc is headquartered in Duncan, Oklahoma and files with the IRS under EIN 455261115. It is classified under NTEE code P50.
How many years of IRS 990 filings does One True Light Inc have?
One True Light Inc has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $102K in total revenue.
Filing History
IRS 990 filing history for One True Light Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), One True Light Inc's revenue has grown by 372%, moving from $24K to $115K. Total assets increased by 855.5% over the same period, from $22K to $214K. Total functional expenses rose by 2742.4%, from $2K to $70K. In its most recent filing year (2023), One True Light Inc reported a surplus of $46K, with revenue exceeding expenses. The organization holds $2K in liabilities against $214K in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $212K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $115K | $70K | $214K | $2K | — | View 990 |
| 2022 | $103K | $65K | $168K | $2K | — | View 990 |
| 2021 | $106K | $55K | $131K | $3K | — | — |
| 2020 | $60K | $62K | $79K | $2K | — | — |
| 2019 | $96K | $63K | $80K | $1K | — | View 990 |
| 2018 | $81K | $72K | $49K | $2K | — | View 990 |
| 2017 | $46K | $51K | $37K | $0 | — | View 990 |
| 2016 | $55K | $42K | $42K | $0 | — | View 990 |
| 2015 | $41K | $37K | $29K | $0 | — | View 990 |
| 2014 | $45K | $44K | $24K | $0 | — | View 990 |
| 2013 | $24K | $2K | $22K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $115K, expenses of $70K, and assets of $214K (revenue +11.9% year-over-year).
- 2022: Revenue of $103K, expenses of $65K, and assets of $168K (revenue -2.9% year-over-year).
- 2021: Revenue of $106K, expenses of $55K, and assets of $131K (revenue +77.7% year-over-year).
- 2020: Revenue of $60K, expenses of $62K, and assets of $79K (revenue -37.8% year-over-year).
- 2019: Revenue of $96K, expenses of $63K, and assets of $80K (revenue +18.0% year-over-year).
- 2018: Revenue of $81K, expenses of $72K, and assets of $49K (revenue +77.4% year-over-year).
- 2017: Revenue of $46K, expenses of $51K, and assets of $37K (revenue -17.1% year-over-year).
- 2016: Revenue of $55K, expenses of $42K, and assets of $42K (revenue +34.9% year-over-year).
- 2015: Revenue of $41K, expenses of $37K, and assets of $29K (revenue -9.6% year-over-year).
- 2014: Revenue of $45K, expenses of $44K, and assets of $24K (revenue +85.4% year-over-year).
- 2013: Revenue of $24K, expenses of $2K, and assets of $22K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for One True Light Inc:
Data Sources and Methodology
This transparency report for One True Light Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.