Lighthouse for the Homeless

Analysis

Lighthouse for the Homeless is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in May 2013, 13 years ago. Its declared purposes cover human services, 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, Lighthouse for the Homeless reported income of $1.0m and spending of $1.8m, spending 174% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $779k to $1.0m (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 190% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lighthouse for the Homeless sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Potomac Community Resources Inc ($1.0m), Rockcastle County Senior Citizens Inc ($1.0m) and Center for Health Justice Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 48% of the total. Other salaries and wages came to $794k. At year end it held assets of $14.5m against liabilities of $1.5m, net assets of $13.0m. It reported 46 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.