Neopolitan Lighthouse

Analysis

Neopolitan Lighthouse is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 1984, 42 years ago. 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, Neopolitan Lighthouse reported income of $1.4m and spending of $1.4m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $985k to $1.4m (+46%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Neopolitan Lighthouse sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Canterbury Community Nursery School ($1.4m), National Cattlemens Foundation Inc ($1.4m) and Northwest Center Against Sexual Assault ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $764k. At year end it held assets of $740k against liabilities of $175k, net assets of $564k. It reported 21 employees.