Light Inc
- Assets
- $1.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Elkhorn City, KY
- Founding
- Data as of
- 12/2020
- EIN
- 81-0874140
Organization Overview
Light Inc is located in Elkhorn City, KY. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Light Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Light Inc generated $7.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (25.1%) each year. All expenses for the organization totaled $8.5k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
THE LIGHT TAKES DONATIONS OF CLOTHES AND HOUSEHOLD ITEMSAND SELLS THEM AT VERY LOW PRICES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Powell President | 10 | $0 | |
Ronnie D Mullins Vice-President | 10 | $0 | |
Deanna Powell Secretary | 10 | $0 | |
Renee Kendrick Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $461 |
| Total Program Service Revenue | $6,776 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $7,237 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $8,042 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $486 |
| Total expenses | $8,528 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,653 |
| Other assets | $0 |
| Total assets | $1,653 |
| Total liabilities | $113 |
| Net assets or fund balances | $1,540 |