Lighthouse Academy for Dyslexia

Analysis

Lighthouse Academy for Dyslexia is a registered charity in United States, based in Ocean Springs, MS. It received its IRS tax-exemption ruling in May 2020, 6 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 July 2023, Lighthouse Academy for Dyslexia reported income of $1.1m and spending of $1.1m, spending 99% of its income. Across the 4 years on record, from July 2020 to July 2023, income grew from $59k to $1.1m (+1753%), an average of +165% a year. The sharpest change came in the year to July 2021, when income rose by 879%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lighthouse Academy for Dyslexia sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within MS. Charities of a similar size with the same main cause include Illowa-Sheet Metal Workers Joint Apprenticeship & Training Comm Inc ($1.1m), LA Vida Independent Study Charter School ($1.1m) and Vapa Foundation ($1.1m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 31% and program service revenue 65% of the total. Other salaries and wages came to $639k. At year end it held assets of $1.4m against liabilities of $996k, net assets of $370k. It reported 27 employees.