Apostolic Lighthouse Ministries Inc

Analysis

Apostolic Lighthouse Ministries Inc is a registered charity in United States, based in Bryan, TX. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Apostolic Lighthouse Ministries Inc reported income of $215k and spending of $153k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.1m to $215k (-80%), an average of -80% a year. The sharpest change came in the year to December 2023, when income dropped by 80%. Over the whole period it spent 12% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Apostolic Lighthouse Ministries Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within TX. Charities of a similar size with the same main cause include Worklife Inc ($215k), Iglesia Cristiana de Restauracion Inc ($215k) and The Fellows Initiative ($215k).

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 $1.1m against liabilities of $0, net assets of $1.1m.