Childrens Lantern Inc

Analysis

Childrens Lantern Inc is a registered charity in United States, based in Defiance, OH. It received its IRS tax-exemption ruling in September 2013, 13 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 December 2023, Childrens Lantern Inc reported income of $167k and spending of $271k, spending 163% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $177k to $167k (-6.0%), an average of -2.0% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Childrens Lantern Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within OH. Charities of a similar size with the same main cause include Homes Now Tudor Village Project Inc ($167k), Court Appointed Special Advocates of Southern Kentucky Inc ($167k) and Bags of Faith Inc ($167k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% of the total. Compensation of current officers, directors and key employees was $43k (16% of expenses). Other salaries and wages came to $54k. At year end it held assets of $223k against liabilities of $115k, net assets of $108k. It reported 9 employees.