Lighthouse of Southwest Florida Inc

Analysis

Lighthouse of Southwest Florida Inc is a registered charity in United States, based in N Ft Myers, FL. It received its IRS tax-exemption ruling in September 1976, 50 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 September 2022, Lighthouse of Southwest Florida Inc reported income of $1.2m and spending of $1.2m, spending 106% of what it took in. Across the 4 years on record, from September 2019 to September 2022, income fell from $1.3m to $1.2m (-14%), an average of -4.8% a year. The sharpest change came in the year to September 2021, when income rose by 51%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lighthouse of Southwest Florida Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include National Church Residences ($1.2m), Big Brothers Big Sisters of East Central Wisconsin Inc ($1.2m) and Shelter & Assistance in Family Emergencies Inc ($1.2m).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 95% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $184k (15% of expenses). Other salaries and wages came to $521k. At year end it held assets of $1.5m against liabilities of $42k, net assets of $1.4m. It reported 17 employees.