Lighthouse for Broken Wings

Analysis

Lighthouse for Broken Wings is a registered charity in United States, based in Rehoboth Beach, DE. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 for Broken Wings reported income of $301k and spending of $365k, spending 121% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $237k to $301k (+27%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 54%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lighthouse for Broken Wings sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 56th percentile within DE. Charities of a similar size with the same main cause include Ocean Accelerator Inc ($301k), The Creative Coast Inc ($301k) and Coatesville 2nd Century Alliance ($301k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.