Lighthouse Therapeutic Foster Care Inc

Analysis

Lighthouse Therapeutic Foster Care Inc is a registered charity in United States, based in Ringgold, GA. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lighthouse Therapeutic Foster Care Inc reported income of $1.2m and spending of $1.2m, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.3m to $1.2m (-7.9%), an average of -2.7% a year. The sharpest change came in the year to June 2023, when income rose by 51%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lighthouse Therapeutic Foster Care Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within GA. Charities of a similar size with the same main cause include Community Housing Resource Partners Inc ($1.2m), Saddlebrooke Community Outreach Inc ($1.2m) and El Ayudante Missions USA Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $163k (13% of expenses). Other salaries and wages came to $229k. At year end it held assets of $217k against liabilities of $91k, net assets of $126k. It reported 10 employees.