The Lantern

Analysis

The Lantern is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in June 2012, 14 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Lantern reported income of $665k and spending of $540k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $487k to $665k (+37%), an average of +8.1% a year. The sharpest change came in the year to December 2020, when income rose by 41%. Over the whole period it spent 83% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Lantern sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within OH. Charities of a similar size with the same main cause include A Door of Hope Pregnancy Center Inc ($665k), First Zion Homes ($666k) and Little Sisters of the Poor ($665k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 9.0% of the total. Other salaries and wages came to $148k. At year end it held assets of $2.3m against liabilities of $121k, net assets of $2.2m. It reported 4 employees.