Light House Academy Inc

Analysis

Light House Academy Inc is a registered charity in United States, based in Peoria, IL. It received its IRS tax-exemption ruling in July 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Light House Academy Inc reported income of $188k and spending of $223k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $117k to $188k (+61%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 78%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Light House Academy Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 53rd percentile within IL. Charities of a similar size with the same main cause include Oxford High School Booster Club ($188k), Marion High School Alumni Association Inc ($188k) and Franklin & Marshall Football Association ($188k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 44% of the total. Other salaries and wages came to $157k. At year end it held assets of $1.0m against liabilities of $260k, net assets of $749k. It reported 9 employees.