Lighthouse Christian School

Analysis

Lighthouse Christian School is a registered charity in United States, based in Gig Harbor, WA. It received its IRS tax-exemption ruling in September 1994, 32 years ago. 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 June 2023, Lighthouse Christian School reported income of $8.3m and spending of $7.0m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.0m to $8.3m (+106%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 27%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lighthouse Christian School sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within WA. Charities of a similar size with the same main cause include Studio in a School Association ($8.3m), Julie Billiart Network ($8.3m) and Diocesan Catholic Childrens Home Inc ($8.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $277k (4.0% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $11.1m against liabilities of $1.3m, net assets of $9.8m. It reported 135 employees.