Lighthouse Works Inc

Analysis

Lighthouse Works Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Lighthouse Works Inc reported income of $21.5m and spending of $20.6m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.6m to $21.5m (+283%), an average of +40% a year. The sharpest change came in the year to September 2022, when income rose by 148%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lighthouse Works Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Union Gospel Mission Association of St Paul ($21.5m), City First Enterprises Inc ($21.5m) and Hospice of Health First Inc ($21.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. Other salaries and wages came to $12.0m. At year end it held assets of $5.5m against liabilities of $3.9m, net assets of $1.6m. It reported 652 employees.