Southeast Lighthouse Foundation

Analysis

Southeast Lighthouse Foundation is a registered charity in United States, based in Block Island, RI. It received its IRS tax-exemption ruling in July 1991, 35 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Southeast Lighthouse Foundation reported income of $90k and spending of $217k, spending 240% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $458k to $90k (-80%), an average of -33% a year. The sharpest change came in the year to December 2023, when income dropped by 66%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Southeast Lighthouse Foundation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 29th percentile within RI. Charities of a similar size with the same main cause include Festival Choir Inc ($90k), Graham Regional Theater ($90k) and Circle of Dance Repertory Company Inc ($90k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $40k (18% of expenses). Other salaries and wages came to $24k. At year end it held assets of $3.6m against liabilities of $307k, net assets of $3.3m. It reported 9 employees.