Lighthouse Youth Services Inc

Analysis

Lighthouse Youth Services Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in December 1969, 57 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Lighthouse Youth Services Inc reported income of $30.4m and spending of $29.9m, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $29.4m to $30.4m (+3.7%), an average of +1.2% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lighthouse Youth Services Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include Empath Health Inc ($30.4m), Intermountain Centers for Human Development Inc ($30.5m) and Brethren Hillcrest Homes ($30.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $825k (2.8% of expenses). Other salaries and wages came to $13.3m. At year end it held assets of $9.2m against liabilities of $3.4m, net assets of $5.8m. It reported 459 employees.