Lighthouse Radio Network Inc

Analysis

Lighthouse Radio Network Inc is a registered charity in United States, based in Bangor, ME. It received its IRS tax-exemption ruling in December 2013, 13 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, Lighthouse Radio Network Inc reported income of $815k and spending of $820k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $752k to $815k (+8.3%), an average of +2.0% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lighthouse Radio Network Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within ME. Charities of a similar size with the same main cause include Christian Educational Services Inc ($814k), Dearborn Community Center ($815k) and Baptist Faith Missions Inc ($814k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $89k (11% of expenses). Other salaries and wages came to $233k. At year end it held assets of $1.2m against liabilities of $29k, net assets of $1.2m. It reported 8 employees.