Friends of Yaquina Lighthouses

Analysis

Friends of Yaquina Lighthouses is a registered charity in United States, based in Newport, OR. It received its IRS tax-exemption ruling in November 1992, 34 years ago. 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, Friends of Yaquina Lighthouses reported income of $247k and spending of $187k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $129k to $247k (+92%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 830%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Yaquina Lighthouses sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within OR. Charities of a similar size with the same main cause include Youth for Christ USA Inc ($247k), Arizona Matsuri ($247k) and Bridgeport Economic Development Corp ($247k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.8% of the total. Compensation of current officers, directors and key employees was $41k (22% of expenses). Other salaries and wages came to $92k. At year end it held assets of $458k against liabilities of $86k, net assets of $372k. It reported 13 employees.