Lantern Network

Analysis

Lantern Network is a registered charity in United States, based in Brentwood, TN. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Lantern Network reported income of $264k and spending of $237k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $194k to $264k (+36%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 100% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Lantern Network sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 60th percentile within TN. Charities of a similar size with the same main cause include Boys & Girls Clubs of Gadsden Etowah County ($264k), Deeply Ingrained Inc ($264k) and New Creative Solutions Youth Foundation ($264k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $107k (45% of expenses). It paid $13k in professional fundraising fees. At year end it held assets of $90k against liabilities of $8,298, net assets of $82k.