Light House Station

Analysis

Light House Station is a registered charity in United States, based in Warsaw, NY. It received its IRS tax-exemption ruling in January 2018, 8 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 (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, Light House Station reported income of $118k and spending of $131k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $79k to $118k (+50%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Light House Station sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Ford House Inc ($118k), Aidylberg II Inc ($118k) and Thi-13 ($118k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. Compensation of current officers, directors and key employees was $11k (8.6% of expenses). Other salaries and wages came to $60k. At year end it held assets of $6,356 against liabilities of $0, net assets of $6,356. It reported 4 employees.