Lighthouse School Inc

Analysis

Lighthouse School Inc is a registered charity in United States, based in N Chelmsford, MA. It received its IRS tax-exemption ruling in October 1987, 39 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Lighthouse School Inc reported income of $27.9m and spending of $24.4m, spending 87% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $21.2m to $27.9m (+32%), an average of +7.1% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lighthouse School Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Harlem Childrens Zone Promise Academy II Charter School ($27.9m), Churchill School and Center ($27.9m) and Foundation for City College ($27.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $676k (2.8% of expenses). Other salaries and wages came to $14.9m. At year end it held assets of $34.6m against liabilities of $10.8m, net assets of $23.8m. It reported 217 employees.