Lighthouse of Pinellas Inc

Analysis

Lighthouse of Pinellas Inc is a registered charity in United States, based in Largo, FL. It received its IRS tax-exemption ruling in June 1970, 56 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 September 2023, Lighthouse of Pinellas Inc reported income of $1.8m and spending of $2.0m, spending 115% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $6.9m to $1.8m (-74%), an average of -29% a year. The sharpest change came in the year to September 2022, when income rose by 320%. Over the whole period it spent 40% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lighthouse of Pinellas Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Boy Scouts of America ($1.8m), Ohio Valley Construction Education Foundation ($1.8m) and Habitat for Humanity International Inc ($1.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 80% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $101k (4.9% of expenses). Other salaries and wages came to $1.0m. It paid $44k in professional fundraising fees. At year end it held assets of $13.6m against liabilities of $139k, net assets of $13.5m. It reported 35 employees.