Lighthouse Center of Hope

Analysis

Lighthouse Center of Hope is a registered charity in United States, based in Iowa Falls, IA. It received its IRS tax-exemption ruling in July 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Lighthouse Center of Hope reported income of $83k and spending of $60k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $67k to $83k (+23%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lighthouse Center of Hope sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within IA. Charities of a similar size with the same main cause include The Tarahumara Childrens Hospital Fund ($83k), Royal Palm Coast Realtor Association Crisis Foundation Inc ($83k) and Parc Endowment Fund Number 2 Founded by Alwayne B Gunderson ($83k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 36% of the total. At year end it held assets of $197k against liabilities of $0, net assets of $197k.