Lighthouse Charities Inc

Analysis

Lighthouse Charities Inc is a registered charity in United States, based in N Las Vegas, NV. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover food, agriculture and nutrition, 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 December 2023, Lighthouse Charities Inc reported income of $924k and spending of $1.0m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $118k to $924k (+681%), an average of +67% a year. The sharpest change came in the year to December 2021, when income rose by 414%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lighthouse Charities Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within NV. Charities of a similar size with the same main cause include Cumberland Community Options Inc ($924k), Flourishing Families of South Carolina ($924k) and Prosperity Childcare Inc ($924k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $92k (8.9% of expenses). Other salaries and wages came to $503k. At year end it held assets of $819k against liabilities of $108k, net assets of $711k. It reported 34 employees.