Bolivar Point Lighthouse Foundation Inc

Analysis

Bolivar Point Lighthouse Foundation Inc is a registered charity in United States, based in Port Bolivar, TX. It received its IRS tax-exemption ruling in October 2015, 11 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, Bolivar Point Lighthouse Foundation Inc reported income of $57k and spending of $5,411, leaving 91% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $205k to $57k (-72%), an average of -72% a year. The sharpest change came in the year to December 2023, when income dropped by 72%. Over the whole period it spent 4.8% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bolivar Point Lighthouse Foundation Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 23rd percentile within TX. Charities of a similar size with the same main cause include Centennial High School Band Boosters ($57k), Theatre Kapow ($57k) and The Onrust Project Inc ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $260k against liabilities of $0, net assets of $260k.