Friends of the Light House Shelter Inc

Analysis

Friends of the Light House Shelter Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of the Light House Shelter Inc reported income of $373k and spending of $382k, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $296k to $373k (+26%), an average of +8.0% a year. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Friends of the Light House Shelter Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MD. Charities of a similar size with the same main cause include Brainerd South Housing Group Inc ($373k), Iihs Inc ($373k) and Frederick United Methodist Housing Development Corporation ($372k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 123% of the total. Other salaries and wages came to $40k. At year end it held assets of $160k against liabilities of $84k, net assets of $75k.