The Rose Island Lighthouse Foundation Inc

Analysis

The Rose Island Lighthouse Foundation Inc is a registered charity in United States, based in Newport, RI. It received its IRS tax-exemption ruling in February 1986, 40 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, The Rose Island Lighthouse Foundation Inc reported income of $313k and spending of $308k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $307k to $313k (+2.0%), an average of +0.5% a year. The sharpest change came in the year to December 2022, when income rose by 191%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Rose Island Lighthouse Foundation Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within RI. Charities of a similar size with the same main cause include National Washington-Rochambeau Revolutionary Route Association ($313k), Overture Band Programs Inc ($313k) and Cutting Ball Theater ($313k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $42k (14% of expenses). Other salaries and wages came to $77k. At year end it held assets of $1.7m against liabilities of $222k, net assets of $1.5m. It reported 10 employees.