Lighthouse Inc

Analysis

Lighthouse Inc is a registered charity in United States, based in Strongsville, OH. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Lighthouse Inc reported income of $137k and spending of $61k, leaving 55% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $112k to $137k (+22%), an average of +6.8% a year. The sharpest change came in the year to December 2023, when income rose by 69%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lighthouse Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within OH. Charities of a similar size with the same main cause include Sunlight Orphan Aid for Lithuaniainc ($137k), Moose Lake Area Food Shelf ($137k) and Lock Ministry ($136k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $171k against liabilities of $7,509, net assets of $163k.