The Lantern Ministries

Analysis

The Lantern Ministries is a registered charity in United States, based in Sibley, IA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover food, agriculture and nutrition, 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, The Lantern Ministries reported income of $142k and spending of $162k, spending 114% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $200k to $142k (-29%), an average of -16% a year. The sharpest change came in the year to December 2022, when income dropped by 30%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Lantern Ministries sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within IA. Charities of a similar size with the same main cause include Education Equal Opportunity Group Inc ($142k), Positive Alternatives ($142k) and Cappalappa Family Resource Center ($142k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 2.4% of the total. Other salaries and wages came to $106k. At year end it held assets of $122k against liabilities of $85k, net assets of $37k. It reported 17 employees.