Lighthouse Inc

Analysis

Lighthouse Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in April 1972, 54 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 Inc reported income of $264k and spending of $349k, spending 132% of what it took in. Across the 3 years on record, from June 2020 to June 2023, income grew from $239k to $264k (+11%), an average of +5.2% a year. The sharpest change came in the year to June 2022, when income rose by 57%. Over the whole period it spent 114% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lighthouse Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within MD. Charities of a similar size with the same main cause include Children and Family Comprehensive Health Outreach Inc ($264k), Society for Pain Practice Management ($264k) and Lakewood Community Acupuncture ($264k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $68k (20% of expenses). Other salaries and wages came to $148k. At year end it held assets of $189k against liabilities of $30k, net assets of $159k. It reported 9 employees.