Lighthouse of Hope MK Inc

Analysis

Lighthouse of Hope MK Inc is a registered charity in United States, based in Spindale, NC. It received its IRS tax-exemption ruling in April 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 of Hope MK Inc reported income of $66k and spending of $66k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $91k to $66k (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lighthouse of Hope MK Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within NC. Charities of a similar size with the same main cause include Prohome Inc ($66k), Refugee Relief International Incorporation ($66k) and Cultural Arts Rotary Foundation ($66k).

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 $188k against liabilities of $0, net assets of $188k.