Lighthouse Homeschool Cooperative

Analysis

Lighthouse Homeschool Cooperative is a registered charity in United States, based in Bono, AR. It received its IRS tax-exemption ruling in May 2020, 6 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lighthouse Homeschool Cooperative reported income of $363k and spending of $291k, spending 80% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $112k to $363k (+224%), an average of +224% a year. The sharpest change came in the year to December 2023, when income rose by 224%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lighthouse Homeschool Cooperative sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within AR. Charities of a similar size with the same main cause include Beulah Baptist Church ($363k), Big Four Educational Film Theatre Foundation ($363k) and Fostering Futures Inc ($363k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 25% of the total. Other salaries and wages came to $205k. At year end it held assets of $131k against liabilities of $6,341, net assets of $125k. It reported 7 employees.