Lighthouse of Oakland County Inc

Analysis

Lighthouse of Oakland County Inc is a registered charity in United States, based in Pontiac, MI. It received its IRS tax-exemption ruling in May 1982, 44 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 of Oakland County Inc reported income of $346k and spending of $5,155, leaving 99% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.8m to $346k (-91%), an average of -45% a year. The sharpest change came in the year to June 2023, when income rose by 522%. Over the whole period it spent 169% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lighthouse of Oakland County Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within MI. Charities of a similar size with the same main cause include Childrens Literacy Network ($346k), Colorado Christian Mission Stations ($346k) and Marion Shelter Program Inc ($346k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.8% of the total. At year end it held assets of $4.1m against liabilities of $538k, net assets of $3.5m.