Lighthouse for Hope Inc

Analysis

Lighthouse for Hope Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 for Hope Inc reported income of $223k and spending of $296k, spending 133% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $294k to $223k (-24%), an average of -8.8% a year. The sharpest change came in the year to December 2022, when income dropped by 16%. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lighthouse for Hope Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within AZ. Charities of a similar size with the same main cause include American Society of Podiatric Surgeons Inc ($223k), Narrative Initiatives San Diego ($223k) and Michigan Neonatal Biobank ($223k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $64k (22% of expenses). Other salaries and wages came to $31k. At year end it held assets of $60k against liabilities of $0, net assets of $60k. It reported 2 employees.