Forty Mile Point Lighthouse Society Inc

Analysis

Forty Mile Point Lighthouse Society Inc is a registered charity in United States, based in Rogers City, MI. It received its IRS tax-exemption ruling in May 1999, 27 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, Forty Mile Point Lighthouse Society Inc reported income of $53k and spending of $38k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $45k to $53k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Forty Mile Point Lighthouse Society Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 20th percentile within MI. Charities of a similar size with the same main cause include Greenville Shakespeare Company ($53k), Rio Grande Modeling & Historical Society ($53k) and Homesteaders Museum Assn Inc ($53k).

At year end it held assets of $134k against liabilities of $0, net assets of $134k.