Lighthouse Ministries Inc

Analysis

Lighthouse Ministries Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in January 1978, 48 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Lighthouse Ministries Inc reported income of $5.2m and spending of $4.5m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.1m to $5.2m (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2020, when income rose by 30%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lighthouse Ministries Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Om Sri Sai Balaji Temple and Cultural Center Inc ($5.2m), Destined to Win Family Outreach Ministries Inc ($5.2m) and Priority One Schools Inc ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 150% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $186k (4.1% of expenses). Other salaries and wages came to $1.7m. It paid $209k in professional fundraising fees. At year end it held assets of $9.4m against liabilities of $4.6m, net assets of $4.8m. It reported 163 employees.