Lighthouse Gospel Ministries

Analysis

Lighthouse Gospel Ministries is a registered charity in United States, based in Grand JCT, CO. It received its IRS tax-exemption ruling in January 1984, 42 years ago. 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 Gospel Ministries reported income of $94k and spending of $145k, spending 154% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $325k to $94k (-71%), an average of -27% a year. The sharpest change came in the year to December 2022, when income dropped by 55%. Over the whole period it spent 123% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lighthouse Gospel Ministries sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 31st percentile within CO. Charities of a similar size with the same main cause include Pop Warner Little Scholars Inc ($94k), F I S H of Wabash Inc ($94k) and How Far Foundation Incorporated ($94k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $72k (49% of expenses). At year end it held assets of $509k against liabilities of $1,582, net assets of $508k. It reported 2 employees.