Friends of Point Betsies Lighthouse Inc

Analysis

Friends of Point Betsies Lighthouse Inc is a registered charity in United States, based in Frankfort, MI. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Friends of Point Betsies Lighthouse Inc reported income of $671k and spending of $478k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $671k (-49%), an average of -16% a year. The sharpest change came in the year to December 2022, when income rose by 903%. Over the whole period it spent 30% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of Point Betsies Lighthouse Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MI. Charities of a similar size with the same main cause include Arts Action Alliance Foundation ($671k), Maumee Valley Broadcasting ($671k) and Harmonic Music Foundation Inc ($671k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. Other salaries and wages came to $168k. At year end it held assets of $4.6m against liabilities of $58k, net assets of $4.6m. It reported 10 employees.