Lantern Lane Farm Inc

Analysis

Lantern Lane Farm Inc is a registered charity in United States, based in Mount Juliet, TN. It received its IRS tax-exemption ruling in January 2010, 16 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 December 2023, Lantern Lane Farm Inc reported income of $2.2m and spending of $2.2m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $814k to $2.2m (+175%), an average of +29% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lantern Lane Farm Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within TN. Charities of a similar size with the same main cause include NCCHC Resources Inc ($2.2m), Cure JM Foundation ($2.2m) and Moshannon Valley Emergency Medical Services ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $299k (13% of expenses). Other salaries and wages came to $119k. At year end it held assets of $1.3m against liabilities of $755k, net assets of $543k. It reported 6 employees.