Lighthouse Academies Inc

Analysis

Lighthouse Academies Inc is a registered charity in United States, based in Land O Lakes, FL. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Lighthouse Academies Inc reported income of $411k and spending of $1.1m, spending 277% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.9m to $411k (-89%), an average of -43% a year. The sharpest change came in the year to June 2023, when income dropped by 91%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lighthouse Academies Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 70th percentile within FL. Charities of a similar size with the same main cause include Swatc Foundation ($411k), Agape Montessori Christian Academy ($411k) and Turtle Wing Foundation ($411k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 31% of the total. Compensation of current officers, directors and key employees was $373k (33% of expenses). Other salaries and wages came to $218k. At year end it held assets of $2.9m against liabilities of $46k, net assets of $2.8m. It reported 9 employees.