Light House Group Inc

Analysis

Light House Group Inc is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Light House Group Inc reported income of $302k and spending of $513k, spending 170% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $185k to $302k (+63%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 91%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Light House Group Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within NC. Charities of a similar size with the same main cause include Vintage Vintners Athletic Booster Club ($302k), Friends of the Oklahoma Route 66 Museum Inc ($302k) and Coalition for Archaeological Synthesis ($302k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $138k against liabilities of $0, net assets of $138k.