Maine Lighthouse Trust

Analysis

Maine Lighthouse Trust is a registered charity in United States, based in Biddeford, ME. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Maine Lighthouse Trust reported income of $104k and spending of $98k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $104k (+76%), an average of +76% a year. The sharpest change came in the year to December 2023, when income rose by 76%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Maine Lighthouse Trust sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 31st percentile within ME. Charities of a similar size with the same main cause include Healthy Brighton Title Holding Corporation NFP ($104k), National Charity League Inc Cypress Gems Chapter ($104k) and Maddie Potts Foundation ($104k).

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 $12k against liabilities of $39k, net assets of -$27k.