Lighthouse of Hope

Analysis

Lighthouse of Hope is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Lighthouse of Hope reported income of $76k and spending of $90k, spending 119% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $99k to $76k (-23%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 75% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Lighthouse of Hope sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 25th percentile within WA. Charities of a similar size with the same main cause include Asian Childrens Education Fellowship Inc ($76k), Exito En LA Familia ($76k) and Beacon of Hope Foundation-Ph ($76k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $300k against liabilities of $0, net assets of $300k.