Lighthouse

Analysis

Lighthouse is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in September 1993, 33 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 June 2023, Lighthouse reported income of $1.1m and spending of $1.2m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $819k to $1.1m (+35%), an average of +7.9% a year. The sharpest change came in the year to June 2021, when income rose by 46%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lighthouse sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within NE. Charities of a similar size with the same main cause include Todays Care & Family Services Inc ($1.1m), Diamonds and Pearls Residential Care Homes Inc ($1.1m) and Native American Fatherhood & Families Association ($1.1m).

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 $719k. At year end it held assets of $1.9m against liabilities of $63k, net assets of $1.8m. It reported 24 employees.