Lighthouse Academies of Arkansas Inc

Analysis

Lighthouse Academies of Arkansas Inc is a registered charity in United States, based in Jacksonville, AR. It received its IRS tax-exemption ruling in July 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lighthouse Academies of Arkansas Inc reported income of $16.3m and spending of $15.3m, spending 94% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $8.9m to $16.3m (+82%), an average of +22% a year. The sharpest change came in the year to June 2022, when income rose by 109%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lighthouse Academies of Arkansas Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within AR. Charities of a similar size with the same main cause include Faces SF ($16.3m), Brazos Higher Education Service Corporation Inc ($16.3m) and All Kids Academy Head Start Inc ($16.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $178k (1.2% of expenses). Other salaries and wages came to $7.4m. At year end it held assets of $2.2m against liabilities of $700k, net assets of $1.5m. It reported 318 employees.