Lighthouse Biblical Counseling Center Inc

Analysis

Lighthouse Biblical Counseling Center Inc is a registered charity in United States, based in Dry Ridge, KY. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Lighthouse Biblical Counseling Center Inc reported income of $206k and spending of $178k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $240k to $206k (-14%), an average of -3.7% a year. The sharpest change came in the year to December 2020, when income rose by 36%. Over the whole period it spent 79% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lighthouse Biblical Counseling Center Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within KY. Charities of a similar size with the same main cause include Revelation of Love Ministries ($206k), Foundation for Spiritual Development ($206k) and Walking Gods Trail ($206k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $68k (38% of expenses). At year end it held assets of $845k against liabilities of $1,949, net assets of $843k. It reported 2 employees.