Lantern Projects Inc

Analysis

Lantern Projects Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2024, Lantern Projects Inc reported income of $152k and spending of $154k, spending 101% of its income. Across the 4 years on record, from June 2021 to June 2024, income fell from $224k to $152k (-32%), an average of -12% a year. The sharpest change came in the year to June 2024, when income dropped by 40%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lantern Projects Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 50th percentile within CA. Charities of a similar size with the same main cause include New Mexico Heart Institute Foundation ($152k), One Hundred Shares Dallas Inc ($152k) and Pikes Peak Area Rotary Endowment ($152k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.