Lantern Vision Inc

Analysis

Lantern Vision Inc is a registered charity in United States, based in Hoover, AL. It received its IRS tax-exemption ruling in November 2011, 15 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Lantern Vision Inc reported income of $177k and spending of $145k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $179k to $177k (-1.1%), an average of -1.1% a year. Over the whole period it spent 80% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lantern Vision Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 52nd percentile within AL. Charities of a similar size with the same main cause include Iqra Academy of Palos Verdes ($177k), Mississippi Baptist Seminary and Bible College ($177k) and Train Them 2 Fish International Inc ($177k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 76% of the total. At year end it held assets of $263k against liabilities of $0, net assets of $263k.