Lighthouse Behavioral Wellness Centers Inc

Analysis

Lighthouse Behavioral Wellness Centers Inc is a registered charity in United States, based in Ardmore, OK. It received its IRS tax-exemption ruling in November 1955, 71 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2023, Lighthouse Behavioral Wellness Centers Inc reported income of $39.0m and spending of $31.2m, leaving 20% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.3m to $39.0m (+245%), an average of +36% a year. The sharpest change came in the year to June 2021, when income rose by 79%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lighthouse Behavioral Wellness Centers Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within OK. Charities of a similar size with the same main cause include Providence St Joseph Health ($39.0m), Greene Memorial Hospital Inc ($39.0m) and Phoebe Home Inc ($39.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $1.5m (4.7% of expenses). Other salaries and wages came to $17.2m. At year end it held assets of $23.0m against liabilities of $6.0m, net assets of $17.0m. It reported 330 employees.