Lighthouse Community Public Schools

Analysis

Lighthouse Community Public Schools is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in December 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Community Public Schools reported income of $33.3m and spending of $33.7m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.2m to $33.3m (+57%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lighthouse Community Public Schools sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Millbrook School ($33.3m), East Texas Advanced Academies ($33.4m) and Foxcroft School ($33.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $497k (1.5% of expenses). Other salaries and wages came to $17.3m. At year end it held assets of $102.1m against liabilities of $90.7m, net assets of $11.4m. It reported 341 employees.