Little Lighthouse Learning Center

Analysis

Little Lighthouse Learning Center is a registered charity in United States, based in Lorain, OH. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Little Lighthouse Learning Center reported income of $778k and spending of $626k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $521k to $778k (+49%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Little Lighthouse Learning Center sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within OH. Charities of a similar size with the same main cause include The Academy of Music ($778k), Womble Institute for Neurodiversity ($778k) and Boothbay Region Student Aid Fund Inc ($778k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $78k (13% of expenses). Other salaries and wages came to $326k. At year end it held assets of $634k against liabilities of $41k, net assets of $593k. It reported 20 employees.