Lighthouse Christian Academy Inc

Analysis

Lighthouse Christian Academy Inc is a registered charity in United States, based in Key West, FL. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Lighthouse Christian Academy Inc reported income of $384k and spending of $395k, spending 103% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $252k to $384k (+53%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lighthouse Christian Academy Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 69th percentile within FL. Charities of a similar size with the same main cause include Rio Association Inc ($384k), Love in the Name of Christ Inc of the Newberg Area ($384k) and Una Mano Una Esperanza ($384k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $116k (29% of expenses). Other salaries and wages came to $4,932. At year end it held assets of $56k against liabilities of $56k, net assets of $0.