Lighthouse Academy Palm Beach Inc

Analysis

Lighthouse Academy Palm Beach Inc is a registered charity in United States, based in Lake Worth, FL. It received its IRS tax-exemption ruling in September 2015, 11 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 June 2023, Lighthouse Academy Palm Beach Inc reported income of $722k and spending of $749k, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $456k to $722k (+58%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lighthouse Academy Palm Beach Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include Sayre Child Center ($722k), New Nearly New Inc ($722k) and Jewish Family Service of Akron Ohio ($722k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $161k (21% of expenses). Other salaries and wages came to $331k. At year end it held assets of $145k against liabilities of $5,487, net assets of $140k. It reported 13 employees.