Lighthouse Recovery Services Inc

Analysis

Lighthouse Recovery Services Inc is a registered charity in United States, based in Owensboro, KY. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Lighthouse Recovery Services Inc reported income of $197k and spending of $228k, spending 116% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $231k to $197k (-15%), an average of -5.1% a year. The sharpest change came in the year to December 2022, when income dropped by 27%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lighthouse Recovery Services Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within KY. Charities of a similar size with the same main cause include Volunteers for a I M Thrift Shop Inc ($197k), Scottish Rite Research Society ($197k) and Greater Lafayette Family Shelter Inc ($197k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.9% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $92k (40% of expenses). At year end it held assets of $317k against liabilities of $41k, net assets of $277k. It reported 4 employees.