Lighthouse Academy Inc

Analysis

Lighthouse Academy Inc is a registered charity in United States, based in Las Cruces, NM. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Academy Inc reported income of $403k and spending of $426k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $216k to $403k (+86%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 70%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lighthouse Academy Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 64th percentile within NM. Charities of a similar size with the same main cause include Nanban Foundation ($402k), Hardin Valley Academy Athletic Council ($403k) and Crawford County Education-Economic Development Partnership Inc ($402k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 99% of the total. Other salaries and wages came to $276k. At year end it held assets of $218k against liabilities of $5,864, net assets of $212k. It reported 22 employees.