Montrose Lighthouse Inc

Analysis

Montrose Lighthouse Inc is a registered charity in United States, based in Montrose, CO. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Montrose Lighthouse Inc reported income of $103k and spending of $44k, leaving 57% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $75k to $103k (+37%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 341%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Montrose Lighthouse Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 34th percentile within CO. Charities of a similar size with the same main cause include Capistran Youth Foundation Inc ($103k), Dove Broadcasting Corporation ($103k) and Triple T Academy ($103k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $105k against liabilities of $0, net assets of $105k.