Lighthouse Housing Foundation Inc

Analysis

Lighthouse Housing Foundation Inc is a registered charity in United States, based in Iowa City, IA. It received its IRS tax-exemption ruling in September 2012, 14 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lighthouse Housing Foundation Inc reported income of $2.9m and spending of $2.8m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $2.9m (+21%), an average of +4.8% a year. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lighthouse Housing Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within IA. Charities of a similar size with the same main cause include Nutley Parkside ($2.9m), Bridge Community Impact ($2.9m) and Lutheran Church Home at Greenfield Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $440k. At year end it held assets of $8.4m against liabilities of $10.0m, net assets of -$1.6m.