Lighthouse Ministries Inc

Analysis

Lighthouse Ministries Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in August 2023, 3 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 December 2023, Lighthouse Ministries Inc reported income of $837k and spending of $879k, spending 105% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $355k to $837k (+136%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lighthouse Ministries Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within KY. Charities of a similar size with the same main cause include Vista Holdings Inc ($837k), Marys Shelter ($837k) and Parsons Area Community Foundation ($837k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $54k (6.1% of expenses). At year end it held assets of $1.3m against liabilities of $159k, net assets of $1.1m. It reported 10 employees.