Friends of Concord Point Lighthouse

Analysis

Friends of Concord Point Lighthouse is a registered charity in United States, based in Hvre de Grace, MD. It received its IRS tax-exemption ruling in March 1996, 30 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of Concord Point Lighthouse reported income of $106k and spending of $130k, spending 122% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $76k to $106k (+40%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 124% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of Concord Point Lighthouse sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 40th percentile within MD. Charities of a similar size with the same main cause include Wilton Playshop Inc ($106k), Mt Vernon Festivals Inc ($106k) and Stringendo Chamber Ensembles ($106k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 31% of the total. At year end it held assets of $172k against liabilities of $770, net assets of $172k.