Lighthouse Preservation Society

Analysis

Lighthouse Preservation Society is a registered charity in United States, based in Dover, NH. It received its IRS tax-exemption ruling in November 1984, 42 years ago. 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 December 2023, Lighthouse Preservation Society reported income of $194k and spending of $178k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $207k to $194k (-6.3%), an average of -1.6% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lighthouse Preservation Society sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within NH. Charities of a similar size with the same main cause include Partners of the Memorial Medical Center ($194k), Little League Baseball Inc ($194k) and Woodstock Swimming Association ($194k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.5% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $73k (41% of expenses). Other salaries and wages came to $33k. At year end it held assets of $90k against liabilities of $6,962, net assets of $83k. It reported 5 employees.