Chicago Lighthouse Industries

Analysis

Chicago Lighthouse Industries is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 2021, 5 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, Chicago Lighthouse Industries reported income of $5.2m and spending of $5.1m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $5.2m (+99%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 43%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chicago Lighthouse Industries sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IL. Charities of a similar size with the same main cause include Westmoreland County Blind Association ($5.2m), Salem Mission Inc ($5.3m) and Meals on Wheels Collin County ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 27% of the total. Other salaries and wages came to $2.3m. At year end it held assets of $2.3m against liabilities of $427k, net assets of $1.8m. It reported 73 employees.