Lighthouse Project Inc

Analysis

Lighthouse Project Inc is a registered charity in United States, based in Suffern, NY. It received its IRS tax-exemption ruling in December 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 Project Inc reported income of $591k and spending of $193k, leaving 67% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $197k to $591k (+200%), an average of +200% a year. The sharpest change came in the year to December 2023, when income rose by 200%. Over the whole period it spent 41% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lighthouse Project Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Chicago Dugsi Center Inc ($591k), Cadre Inc ($591k) and Youth and Family Services for Hughes and Seminole Counties Inc ($591k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% of the total. At year end it held assets of $484k against liabilities of $612, net assets of $484k.