Nantucket Lighthouse School Inc

Analysis

Nantucket Lighthouse School Inc is a registered charity in United States, based in Nantucket, MA. It received its IRS tax-exemption ruling in October 2000, 26 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 2023, Nantucket Lighthouse School Inc reported income of $2.3m and spending of $2.7m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $2.3m (+16%), an average of +3.7% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nantucket Lighthouse School Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include The Walden School Inc ($2.3m), Access Academies ($2.3m) and The Lighthouse School ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 75% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $3.8m against liabilities of $1.5m, net assets of $2.3m. It reported 50 employees.