Childrens Lighthouse Childcare Lear Ning Center of People of Faith Inc

Analysis

Childrens Lighthouse Childcare Lear Ning Center of People of Faith Inc is a registered charity in United States, based in Winter Garden, FL. It received its IRS tax-exemption ruling in April 1988, 38 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Childrens Lighthouse Childcare Lear Ning Center of People of Faith Inc reported income of $2.7m and spending of $2.6m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $2.7m (+9.5%), an average of +2.3% a year. The sharpest change came in the year to December 2020, when income dropped by 19%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Childrens Lighthouse Childcare Lear Ning Center of People of Faith Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Saint Elizabeth Place Providence ($2.7m), North Carolina Association of School Business Officials ($2.7m) and Salt Lake Arts Council Foundation ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $95k (3.7% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $3.4m against liabilities of $999k, net assets of $2.4m. It reported 63 employees.