Lighthouse Inc

Analysis

Lighthouse Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 1942, 84 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2022, Lighthouse Inc reported income of $3.0m and spending of $2.6m, spending 86% of its income. Across the 4 years on record, from June 2019 to June 2022, income fell from $3.5m to $3.0m (-14%), an average of -4.8% a year. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lighthouse Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within PA. Charities of a similar size with the same main cause include Cambodian Association of America ($3.0m), New Jersey Institute for Social Justice Inc ($3.0m) and Redlands Day Nursery ($3.0m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 96% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $81k (3.1% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $2.4m against liabilities of $949k, net assets of $1.5m. It reported 61 employees.