Lighthouse Family Network Inc

Analysis

Lighthouse Family Network Inc is a registered charity in United States, based in Temple, TX. It received its IRS tax-exemption ruling in December 1995, 31 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 2023, Lighthouse Family Network Inc reported income of $694k and spending of $735k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $898k to $694k (-23%), an average of -6.2% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lighthouse Family Network Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Harmony Outreach Inc ($694k), Womens Impact Fund ($694k) and Happy Village ($694k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $107k (15% of expenses). Other salaries and wages came to $154k. At year end it held assets of $141k against liabilities of $28k, net assets of $113k. It reported 5 employees.