Is Lighthouse Network Inc Legit?

Quick charity verification for Lighthouse Network Inc (EIN: 200148690)

Verdict: Lighthouse Network Inc appears trustworthy

80/100Mission Score
$133KRevenue
$11KAssets
1Red Flags
4Strengths

Red Flags

Strengths

AI Transparency Report

Lighthouse Network Inc. demonstrates a consistent operational history with revenues fluctuating between approximately $78,000 and $254,000 over the past decade. The organization's financial health appears stable, with assets generally exceeding liabilities, often reporting zero liabilities. While the latest available revenue is $132,925, the most recent filing (202312) shows a revenue of $192,520 and expenses of $184,857, indicating a positive net income for that period. The organization's assets have shown some variability, peaking at $44,576 in 2016 and currently standing at $22,693 as of the 202312 filing. Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses from the provided data. However, the consistent reporting of 0% officer compensation across all available filings suggests a lean operational structure at the executive level, which is a positive indicator for donor funds being directed towards the mission. The organization's ability to maintain operations and accumulate some assets over time, despite revenue fluctuations, points to a degree of financial prudence. Transparency is generally good given the consistent filing of IRS Form 990s. The absence of officer compensation is a notable point of transparency regarding executive pay. However, without more granular expense data, a complete picture of how funds are allocated across different functions (programs, administration, fundraising) cannot be fully determined from the provided summary.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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