North Point Lighthouse Friends Inc

Analysis

North Point Lighthouse Friends Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in March 2002, 24 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, North Point Lighthouse Friends Inc reported income of $112k and spending of $76k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $173k to $112k (-35%), an average of -35% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, North Point Lighthouse Friends Inc sits at the 45th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within WI. Charities of a similar size with the same main cause include The Overfalls Foundation Foundation ($112k), Cache Childrens Choir ($112k) and Greenfield Museum Initiative Inc ($112k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 28% of the total. At year end it held assets of $144k against liabilities of $0, net assets of $144k.