Lantern Books Inc

Analysis

Lantern Books Inc is a registered charity in United States, based in Richland, PA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Lantern Books Inc reported income of $168k and spending of $205k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $229k to $168k (-27%), an average of -7.4% a year. The sharpest change came in the year to December 2022, when income dropped by 16%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lantern Books Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within PA. Charities of a similar size with the same main cause include Friends of Worship on the Water ($168k), Clinic of Restoration Church of God ($168k) and Crisis Ministries ($168k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% of the total. Other salaries and wages came to $119k. At year end it held assets of $213k against liabilities of $26k, net assets of $187k. It reported 6 employees.