Lighthouse Financial Foundation

Analysis

Lighthouse Financial Foundation is a registered charity in United States, based in Vancouver, WA. 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 (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 Financial Foundation reported income of $671k and spending of $407k, leaving 39% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $515k to $671k (+30%), an average of +9.2% a year. The sharpest change came in the year to December 2022, when income rose by 739%. Over the whole period it spent 51% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lighthouse Financial Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within WA. Charities of a similar size with the same main cause include End Poverty Now Inc ($670k), Bridge Builders Inc ($671k) and Lincoln Park Village Inc ($670k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.1% of the total. Compensation of current officers, directors and key employees was $203k (50% of expenses). At year end it held assets of $2.3m against liabilities of $1.1m, net assets of $1.2m.