Lighthouse Community Investment Agency Inc

Analysis

Lighthouse Community Investment Agency Inc is a registered charity in United States, based in Delbarton, WV. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Lighthouse Community Investment Agency Inc reported income of $3.6m and spending of $2.7m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $406k to $3.6m (+790%), an average of +73% a year. The sharpest change came in the year to December 2021, when income rose by 152%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lighthouse Community Investment Agency Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within WV. Charities of a similar size with the same main cause include Beyond Vision-Aib Inc ($3.6m), Abilities Plus ($3.6m) and Kingsport Chamber Foundation ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 93% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $2.0m against liabilities of $348k, net assets of $1.7m. It reported 109 employees.