Lighthouse Outreach Center of Bartlesville Inc

Analysis

Lighthouse Outreach Center of Bartlesville Inc is a registered charity in United States, based in Bartlesville, OK. It received its IRS tax-exemption ruling in August 1992, 34 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 September 2023, Lighthouse Outreach Center of Bartlesville Inc reported income of $1.2m and spending of $672k, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to September 2023, income grew from $413k to $1.2m (+198%), an average of +31% a year. The sharpest change came in the year to September 2023, when income rose by 94%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lighthouse Outreach Center of Bartlesville Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within OK. Charities of a similar size with the same main cause include Plumbers & Steamfitters Local 7 Apprentice Training Fund ($1.2m), Urban Partnerships Community Development Corporation ($1.2m) and City Thread ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 95% and program service revenue 4.7% of the total. Other salaries and wages came to $174k. It paid $3,734 in professional fundraising fees. At year end it held assets of $1.1m against liabilities of $1,469, net assets of $1.1m. It reported 30 employees.