Georgia Lions Lighthouse Foundation Inc

Analysis

Georgia Lions Lighthouse Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in March 1956, 70 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Georgia Lions Lighthouse Foundation Inc reported income of $1.7m and spending of $2.6m, spending 149% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.4m to $1.7m (-50%), an average of -16% a year. The sharpest change came in the year to June 2023, when income dropped by 61%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Georgia Lions Lighthouse Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within GA. Charities of a similar size with the same main cause include Bookspring ($1.7m), Piedmont Virginia Community College Educational Foundation ($1.7m) and International Urogynecological Association ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $343k (13% of expenses). Other salaries and wages came to $722k. At year end it held assets of $20.5m against liabilities of $325k, net assets of $20.1m. It reported 24 employees.