Friends of Sakonnet Lighthouse Inc

Analysis

Friends of Sakonnet Lighthouse Inc is a registered charity in United States, based in L Compton, RI. It received its IRS tax-exemption ruling in February 1987, 39 years ago. 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, Friends of Sakonnet Lighthouse Inc reported income of $115k and spending of $84k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $43k to $115k (+169%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 50% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Sakonnet Lighthouse Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 36th percentile within RI. Charities of a similar size with the same main cause include Parkinsons Wellness Project Inc ($115k), Burbank Philharmonic Orchestra ($115k) and Alvarado Knee Research Institute Inc ($115k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.