Lighthouse Foundation of Corinth

Analysis

Lighthouse Foundation of Corinth is a registered charity in United States, based in Corinth, MS. It received its IRS tax-exemption ruling in May 1999, 27 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Foundation of Corinth reported income of $896k and spending of $747k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $713k to $896k (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 93% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Lighthouse Foundation of Corinth sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within MS. Charities of a similar size with the same main cause include Missouri Youth Services Institute ($896k), Swan City Soccer Club Inc ($897k) and Boys & Girls Club of Jackson Inc ($896k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Other salaries and wages came to $211k. At year end it held assets of $822k against liabilities of $309k, net assets of $512k. It reported 20 employees.