Lighthouse Beginnings

Analysis

Lighthouse Beginnings is a registered charity in United States, based in Baxter, MN. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Beginnings reported income of $174k and spending of $256k, spending 147% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $76k to $174k (+128%), an average of +128% a year. The sharpest change came in the year to December 2023, when income rose by 128%. Over the whole period it spent 133% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lighthouse Beginnings sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within MN. Charities of a similar size with the same main cause include You to the Rescue Inc ($174k), The Council on Developmental Disabilities Inc ($174k) and Set to Thrive ($174k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 53% of the total. At year end it held assets of $32k against liabilities of $111k, net assets of -$78k.