Hillsboro Lighthouse Preservation Society Inc

Analysis

Hillsboro Lighthouse Preservation Society Inc is a registered charity in United States, based in Pompano Beach, FL. It received its IRS tax-exemption ruling in August 2014, 12 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 December 2023, Hillsboro Lighthouse Preservation Society Inc reported income of $146k and spending of $128k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $253k to $146k (-42%), an average of -42% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 58% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hillsboro Lighthouse Preservation Society Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 50th percentile within FL. Charities of a similar size with the same main cause include Los Angeles Contemporary Archive ($146k), Wilder Pageant Committee Inc ($146k) and The Federation of Korean Associations USA ($146k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. At year end it held assets of $227k against liabilities of $0, net assets of $227k.