Texas Lighthouse Foundation Inc

Analysis

Texas Lighthouse Foundation Inc is a registered charity in United States, based in Galveston, TX. It received its IRS tax-exemption ruling in October 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Texas Lighthouse Foundation Inc reported income of $391k and spending of $514k, spending 131% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $578k to $391k (-32%), an average of -7.5% a year. The sharpest change came in the year to December 2023, when income dropped by 44%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Texas Lighthouse Foundation Inc sits at the 60th percentile: it is larger than about 60% 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 Assessment Counseling & Educational Services ($391k), American Battle Monuments Foundation ($391k) and Cornish Fair Association Inc ($391k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 13% of the total. Other salaries and wages came to $135k. At year end it held assets of $368k against liabilities of $81k, net assets of $287k. It reported 3 employees.