Lighthouse of Broward County Inc

Analysis

Lighthouse of Broward County Inc is a registered charity in United States, based in Sunrise, FL. It received its IRS tax-exemption ruling in June 1975, 51 years ago. 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 June 2024, Lighthouse of Broward County Inc reported income of $4.2m and spending of $3.5m, spending 83% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.7m to $4.2m (+60%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 415%. Over the whole period it spent 46% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lighthouse of Broward County Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Montessori Association of Covina ($4.2m), Pediplace ($4.2m) and Resources Exchange Association ($4.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 82% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $206k (5.8% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $23.6m against liabilities of $530k, net assets of $23.1m. It reported 54 employees.