Nonprofit screen
Screen a listAblelight Inc
Can you give?
Listed with the IRS. Every screen came back clear.
A 501(c)(3) on Publication 78 and the IRS master file.
- IRS nonprofit listing
- No issue
- Revocation
- None
- IRS files
- Agree
- Sanctions
- No match
- IRS bulletin
- No notice
- California
- Registered
- Charity type
- 509(a)(2)
$96Mrevenue
FY2024 · −11% in 3 yrs1,993staff
8 of 8years filed
’17’18’19’20’21’22’23’24
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2024
Operating margin−9.1%
Months of reserve0.8mo
Revenue growth (annualized)−1.9%
Middle half of peersMedianAblelight
Where the money goes FY2024 · $105M spent
Programs$90M85%Management and general$13M13%Fundraising$2.1M2%990 FY2024 · Part IX line 25
Worth checking2
Government grants fell 75% in FY2023
$3.0M in FY2022, $729k in FY2023.
990 Part VIIIDeficits in 3 of the last 3 years
−$125k in FY2022, −$16M in FY2023 and −$8.8M in FY2024. Cash covers 0.8 months, under the peer median of 1.7.
990 Part I and balance sheetIn its favor1
Strong governance
16 of 16 board members independent. Conflict-of-interest and whistleblower policies, audited financial statements, board reviews the 990.
990 Part VI67funders
$1.2Ma year, last 3 years
19%from its largest funder
Funder’17’18’19’20’21’22’23George P Obertate TrustEvery year since FY2017$258k$167k$203k$200k$204k$235k$203kCornerstone Village Np Mn IncNew in FY2023$383kEmil E Keck Charitable Tuw Xxx-Xx-XxxxSince FY2018$42k$42k$40k$56k$57k$47kConcordia University FoundationOn and off$264kHardenbergh FoundationOn and off$250kLeonard & Lillian Bethke Memorial Trust F/B/O Ablelight IncEvery year since FY2017$34k$32k$34k$34k$34k$38k$34kDonor-advised giftsDonors not disclosed$123k$163k$153k$287k$463k$229k$442k45 other fundersUp to $125k a year each$46k$81k$51k$123k$88k$295k$139k
FundedThrough a donor-advised fund