Lighthouse Academy of Fredericksburg Inc

Analysis

Lighthouse Academy of Fredericksburg Inc is a registered charity in United States, based in Fredericksbrg, VA. It received its IRS tax-exemption ruling in February 2023, 3 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lighthouse Academy of Fredericksburg Inc reported income of $911k and spending of $1.0m, spending 110% of what it took in. Across the 3 years on record, from June 2020 to June 2023, income grew from $515k to $911k (+77%), an average of +33% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lighthouse Academy of Fredericksburg Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within VA. Charities of a similar size with the same main cause include Unleashing the Power of Partnership for Learning Inc ($911k), Western Pennsylvania Montessori School ($911k) and Naperville Education Foundation ($911k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $531k. At year end it held assets of $1.0m against liabilities of $1.2m, net assets of -$200k. It reported 17 employees.