National Lighthouse Museum

Analysis

National Lighthouse Museum is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in June 1999, 27 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, National Lighthouse Museum reported income of $358k and spending of $333k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $293k to $358k (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Lighthouse Museum sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include New York Neo-Futurists ($358k), Mackinac Arts Council ($358k) and Arcadia Performing Arts Inc ($358k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $79k (24% of expenses). Other salaries and wages came to $84k. At year end it held assets of $173k against liabilities of $29k, net assets of $144k. It reported 6 employees.