The Light House Inc

Analysis

The Light House Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in June 1990, 36 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, The Light House Inc reported income of $5.8m and spending of $5.7m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.6m to $5.8m (+2.5%), an average of +0.6% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Light House Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MD. Charities of a similar size with the same main cause include Habitat for Humanity of Coastal Fairfield County Inc ($5.8m), The Maggie@walker Community Land Trust ($5.8m) and Island Housing Trust Corporation ($5.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $153k (2.7% of expenses). Other salaries and wages came to $2.4m. It paid $11k in professional fundraising fees. At year end it held assets of $14.5m against liabilities of $2.5m, net assets of $12.0m. It reported 63 employees.