Lighthouse Youth Center Inc

Analysis

Lighthouse Youth Center Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in February 2006, 20 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Lighthouse Youth Center Inc reported income of $1.3m and spending of $1.0m, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.3m (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 73% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Lighthouse Youth Center Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within WI. Charities of a similar size with the same main cause include C5 Youth Foundation of Georgia Inc ($1.3m), National Girls Collaborative ($1.3m) and Spirit of America Foundation ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $405k. At year end it held assets of $2.8m against liabilities of $73k, net assets of $2.8m. It reported 22 employees.