Lighthouse Beacon for Youth Foundation Inc

Analysis

Lighthouse Beacon for Youth Foundation Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in September 2003, 23 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lighthouse Beacon for Youth Foundation Inc reported income of $4.4m and spending of $3.0m, leaving 32% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.6m to $4.4m (+72%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 87%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lighthouse Beacon for Youth Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within OH. Charities of a similar size with the same main cause include Clinton Convalescent Center Inc ($4.4m), Carolinas Care Partnership ($4.4m) and Migrant Clinicians Network Inc ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $18.8m against liabilities of $198k, net assets of $18.6m.