Lighthouse Counseling Network

Analysis

Lighthouse Counseling Network is a registered charity in United States, based in Teaneck, NJ. It received its IRS tax-exemption ruling in August 2021, 5 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 Counseling Network reported income of $78k and spending of $74k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $32k to $78k (+145%), an average of +145% a year. The sharpest change came in the year to December 2023, when income rose by 145%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lighthouse Counseling Network sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 38th percentile within NJ. Charities of a similar size with the same main cause include Marine Corps Coordinating Council of Illinois ($78k), Seward County Historical Society ($78k) and St Francis Community ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $9,403 against liabilities of $0, net assets of $9,403.