Presque Isle Light Station

Analysis

Presque Isle Light Station is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Presque Isle Light Station reported income of $380k and spending of $393k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $250k to $380k (+52%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 215%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Presque Isle Light Station sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within PA. Charities of a similar size with the same main cause include Maui Rescue Mission Inc ($380k), Actors Youth Theatre ($380k) and The Theatre Within Inc ($380k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $62k (16% of expenses). Other salaries and wages came to $122k. At year end it held assets of $866k against liabilities of $87k, net assets of $779k. It reported 6 employees.