Friends of Plum Beach Lighthouse Inc

Analysis

Friends of Plum Beach Lighthouse Inc is a registered charity in United States, based in N Kingstown, RI. It received its IRS tax-exemption ruling in April 1994, 32 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 Plum Beach Lighthouse Inc reported income of $67k and spending of $18k, leaving 73% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $12k to $67k (+466%), an average of +78% a year. The sharpest change came in the year to December 2020, when income rose by 277%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Plum Beach Lighthouse Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 23rd percentile within RI. Charities of a similar size with the same main cause include PTA North Carolina Congress ($67k), Omna Inc ($67k) and Medicine Bow Nordic Association ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 5.8% of the total. At year end it held assets of $349k against liabilities of $0, net assets of $349k.