Lighthouse Gospel Mission Inc

Analysis

Lighthouse Gospel Mission Inc is a registered charity in United States, based in Riverview, FL. It received its IRS tax-exemption ruling in July 1966, 60 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lighthouse Gospel Mission Inc reported income of $2.5m and spending of $2.5m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.5m to $2.5m (-45%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 47%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lighthouse Gospel Mission Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Sky Ranch at Cave Springs Inc ($2.5m), Housing Endowment & TR of San Mateo County ($2.5m) and The Premier Foundation ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $128k (5.1% of expenses). Other salaries and wages came to $290k. At year end it held assets of $947k against liabilities of $18k, net assets of $928k. It reported 15 employees.