Lighthouse for New Hope

Analysis

Lighthouse for New Hope is a registered charity in United States, based in Mesquite, TX. It received its IRS tax-exemption ruling in November 2002, 24 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 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 June 2023, Lighthouse for New Hope reported income of $54k and spending of $71k, spending 133% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $98k to $54k (-45%), an average of -14% a year. The sharpest change came in the year to June 2022, when income rose by 85%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lighthouse for New Hope sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 21st percentile within TX. Charities of a similar size with the same main cause include Serenity Village of Barry County ($54k), Faith & Gratitude ($54k) and Calvert Alliance Against Substance Abuse Inc ($54k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% of the total. Compensation of current officers, directors and key employees was $16k (22% of expenses). At year end it held assets of $352k against liabilities of $58k, net assets of $293k. It reported 1 employees.