Start Lighthouse

Analysis

Start Lighthouse is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Start Lighthouse reported income of $801k and spending of $357k, leaving 56% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $266k to $801k (+202%), an average of +202% a year. The sharpest change came in the year to December 2023, when income rose by 202%. Over the whole period it spent 50% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Start Lighthouse sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Casa Italiana Language School Inc ($801k), STEM Steps Inc ($802k) and Kerus Global Education ($801k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $69k (19% of expenses). Other salaries and wages came to $130k. At year end it held assets of $553k against liabilities of $1,788, net assets of $551k.