Lighthouse Living Centers Incorporated

Analysis

Lighthouse Living Centers Incorporated is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in June 1984, 42 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Lighthouse Living Centers Incorporated reported income of $394k and spending of $316k, spending 80% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $373k to $394k (+5.5%), an average of +1.4% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lighthouse Living Centers Incorporated 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 66th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include Chesapeake Housing Mission ($394k), Community Development Coalition Corporation ($394k) and Charlotte RHF Housing Inc ($394k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $60k. At year end it held assets of $769k against liabilities of $449k, net assets of $320k.