Lighthouse DC

Analysis

Lighthouse DC is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2017, 9 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, Lighthouse DC reported income of $424k and spending of $442k, spending 104% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $231k to $424k (+83%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 63%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lighthouse DC sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 41st percentile within DC. Charities of a similar size with the same main cause include Bold Idea Inc ($424k), Nancys Community Center Inc ($424k) and Hope for the Community ($424k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Other salaries and wages came to $235k. At year end it held assets of $24k against liabilities of $2,987, net assets of $21k. It reported 3 employees.