Erikas Lighthouse a Beacon of Hope for Adolescent Depression

Analysis

Erikas Lighthouse a Beacon of Hope for Adolescent Depression is a registered charity in United States, based in Winnetka, IL. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Erikas Lighthouse a Beacon of Hope for Adolescent Depression reported income of $1.6m and spending of $1.3m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $624k to $1.6m (+148%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 79%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Erikas Lighthouse a Beacon of Hope for Adolescent Depression 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 84th percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Fore Batten Foundation ($1.6m), Maison de St Joseph Inc ($1.6m) and Aging Resources of Douglas County ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $177k (13% of expenses). Other salaries and wages came to $568k. At year end it held assets of $1.5m against liabilities of $89k, net assets of $1.5m. It reported 15 employees.