Lighthouse Childrens Home Inc

Analysis

Lighthouse Childrens Home Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in July 1977, 49 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 2023, Lighthouse Childrens Home Inc reported income of $2.0m and spending of $1.8m, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.9m to $2.0m (+3.2%), an average of +1.0% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lighthouse Childrens Home Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include James Valley Christian School ($2.0m), Center of Hope Inc ($2.0m) and Amare ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $63k (3.4% of expenses). Other salaries and wages came to $723k. At year end it held assets of $4.7m against liabilities of $12k, net assets of $4.7m. It reported 55 employees.