Lighthouse Associates Inc

Analysis

Lighthouse Associates Inc is a registered charity in United States, based in Northwood, ND. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Associates Inc reported income of $238k and spending of $230k, spending 97% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $150k to $238k (+59%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lighthouse Associates Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 51st percentile within ND. Charities of a similar size with the same main cause include Christ Child Society ($238k), Eden North Collins Food Pantry ($238k) and Danvers Community Council Inc C/O Tracy I Flagg ($238k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $134k (58% of expenses). At year end it held assets of $59k against liabilities of $0, net assets of $59k. It reported 5 employees.