Lighthouse Ministries of Canton

Analysis

Lighthouse Ministries of Canton is a registered charity in United States, based in Canton, OH. It received its IRS tax-exemption ruling in October 2007, 19 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 May 2023, Lighthouse Ministries of Canton reported income of $514k and spending of $415k, spending 81% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $317k to $514k (+62%), an average of +18% a year. The sharpest change came in the year to May 2023, when income rose by 23%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lighthouse Ministries of Canton sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within OH. Charities of a similar size with the same main cause include Reliable Payee Services Inc ($514k), Community Child Care Center of the Third Ward Inc ($515k) and Bargain Bonanza Inc ($514k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 86% and program service revenue 9.5% of the total. Compensation of current officers, directors and key employees was $61k (15% of expenses). Other salaries and wages came to $182k. At year end it held assets of $448k against liabilities of $3,930, net assets of $445k. It reported 26 employees.