Light House Mission Inc

Analysis

Light House Mission Inc is a registered charity in United States, based in Terre Haute, IN. It received its IRS tax-exemption ruling in February 1943, 83 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Light House Mission Inc reported income of $703k and spending of $1.1m, spending 155% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $828k to $703k (-15%), an average of -4.0% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Light House Mission Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within IN. Charities of a similar size with the same main cause include Christian Love Commmunitydevelopment Corporation Inc ($703k), Behappy Living Inc ($703k) and Passel Provides Foundation ($703k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $176k (16% of expenses). Other salaries and wages came to $297k. At year end it held assets of $2.5m against liabilities of $8,800, net assets of $2.4m. It reported 13 employees.