Lighthouse Guild International Inc

Analysis

Lighthouse Guild International Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Guild International Inc reported income of $45.4m and spending of $35.3m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $31.7m to $45.4m (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2021, when income rose by 360%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lighthouse Guild International Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Innovia Foundation ($45.0m), Community Foundation of Sarasota County Inc ($45.8m) and Monterey Peninsula Foundation ($44.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% of the total. Compensation of current officers, directors and key employees was $2.6m (7.5% of expenses). Other salaries and wages came to $2.6m. It paid $140k in professional fundraising fees. At year end it held assets of $493.6m against liabilities of $375.0m, net assets of $118.6m.