The Lighthouse Ministries

Analysis

The Lighthouse Ministries is a registered charity in United States, based in Florence, SC. It received its IRS tax-exemption ruling in February 1998, 28 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, The Lighthouse Ministries reported income of $669k and spending of $758k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $508k to $669k (+32%), an average of +7.1% a year. The sharpest change came in the year to December 2020, when income rose by 113%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Lighthouse Ministries sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within SC. Charities of a similar size with the same main cause include Flourish Foundation ($669k), House of Compassion ($669k) and Neema Project ($669k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $76k (10% of expenses). Other salaries and wages came to $113k. At year end it held assets of $743k against liabilities of $2,619, net assets of $741k. It reported 7 employees.