Lighthouse Promise Inc

Analysis

Lighthouse Promise Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in June 2000, 26 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 Promise Inc reported income of $458k and spending of $480k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $427k to $458k (+7.3%), an average of +1.8% a year. The sharpest change came in the year to December 2020, when income rose by 31%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lighthouse Promise Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within KY. Charities of a similar size with the same main cause include Traditional Redemptorist Missioners Inc ($458k), White Fields Overseas Evangelism Inc ($458k) and Bodhisattva Wish Temple Inc ($458k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $128k (27% of expenses). Other salaries and wages came to $80k. At year end it held assets of $2.4m against liabilities of $17k, net assets of $2.4m. It reported 16 employees.