Lighthouse Thrift Store

Analysis

Lighthouse Thrift Store is a registered charity in United States, based in Myerstown, PA. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Thrift Store reported income of $577k and spending of $356k, leaving 38% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $413k to $577k (+40%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 63% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lighthouse Thrift Store 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 72nd percentile, and in the 70th percentile within PA. Charities of a similar size with the same main cause include Esd Global Inc ($577k), East St Tammany Rainbow Childcare Center ($577k) and Neponset Community Services Inc ($577k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 61% of the total. Other salaries and wages came to $137k. At year end it held assets of $662k against liabilities of $1,564, net assets of $661k. It reported 7 employees.