Lighthouse Archaeological Maritime Program

Analysis

Lighthouse Archaeological Maritime Program is a registered charity in United States, based in St Augustine, FL. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Archaeological Maritime Program reported income of $485k and spending of $469k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $647k to $485k (-25%), an average of -6.9% a year. The sharpest change came in the year to June 2020, when income dropped by 58%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lighthouse Archaeological Maritime Program sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Indianapolis Theatre Fringe Festival Inc ($485k), Decimania Inc ($485k) and Map the Gaps ($485k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 6.2% of the total. Other salaries and wages came to $201k. At year end it held assets of $366k against liabilities of $244k, net assets of $122k.