American Lighthouse Foundation

Analysis

American Lighthouse Foundation is a registered charity in United States, based in Rockland, ME. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, American Lighthouse Foundation reported income of $653k and spending of $592k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $511k to $653k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2021, when income rose by 75%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Lighthouse Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within ME. Charities of a similar size with the same main cause include Guitar Foundation of America Inc ($653k), Mountain Top Music Center ($654k) and Art House Productions Inc ($653k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $136k (23% of expenses). Other salaries and wages came to $66k. At year end it held assets of $2.6m against liabilities of $126k, net assets of $2.4m. It reported 14 employees.