Erikas Lighthouse A Beacon Of Hope For Adolescent Depression

Is Erikas Lighthouse A Beacon Of Hope For Adolescent Depression Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Erikas Lighthouse A Beacon Of Hope For Adolescent Depression directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Erikas Lighthouse A Beacon Of Hope For Adolescent Depression

Erikas Lighthouse A Beacon Of Hope For Adolescent Depression (EIN: 201069100) is a nonprofit organization based in Winnetka, IL, classified under NTEE code F193. The organization reported total revenue of $1.8M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Erikas Lighthouse A Beacon Of Hope For Adolescent Depression's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Erikas Lighthouse A Beacon Of Hope For Adolescent Depression with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 10%
• programs: 85%
• fundraising: 5%

According to IRS 990 filings, Erikas Lighthouse A Beacon Of Hope For Adolescent Depression allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, which is highly commendable and indicates that all funds are directed towards the organization's mission and operational costs, rather than executive salaries.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Strengths

The following positive indicators were identified for Erikas Lighthouse A Beacon Of Hope For Adolescent Depression:

• Consistent revenue growth, from $443,863 in 2014 to $1,550,463 in 2023.
• Zero reported officer compensation across all filings, indicating high efficiency and mission focus.
• Healthy asset growth, from $491,050 in 2014 to $1,545,830 in 2023.
• Consistent financial surpluses in recent years (e.g., $1,550,463 revenue vs. $1,309,746 expenses in 2023).
• Strong financial transparency with 13 years of consistent IRS 990 filings.

Frequently Asked Questions about Erikas Lighthouse A Beacon Of Hope For Adolescent Depression

Filing History

IRS 990 filing history for Erikas Lighthouse A Beacon Of Hope For Adolescent Depression showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Erikas Lighthouse A Beacon Of Hope For Adolescent Depression's revenue has grown by 768.6%, moving from $178K to $1.6M. Total assets increased by 357.7% over the same period, from $338K to $1.5M. Total functional expenses rose by 933.5%, from $127K to $1.3M. In its most recent filing year (2023), Erikas Lighthouse A Beacon Of Hope For Adolescent Depression reported a surplus of $241K, with revenue exceeding expenses. The organization holds $89K in liabilities against $1.5M in assets (debt-to-asset ratio: 5.8%), resulting in net assets of $1.5M.

Year-by-Year Financial Summary

• 2023: Revenue of $1.6M, expenses of $1.3M, and assets of $1.5M (revenue +5.6% year-over-year).
• 2022: Revenue of $1.5M, expenses of $1.0M, and assets of $1.3M (revenue +66.7% year-over-year).
• 2021: Revenue of $881K, expenses of $809K, and assets of $761K (revenue +79.0% year-over-year).
• 2020: Revenue of $492K, expenses of $638K, and assets of $789K (revenue -21.1% year-over-year).
• 2019: Revenue of $624K, expenses of $559K, and assets of $845K (revenue +29.1% year-over-year).
• 2018: Revenue of $484K, expenses of $493K, and assets of $774K (revenue -15.8% year-over-year).
• 2017: Revenue of $574K, expenses of $388K, and assets of $782K (revenue +38.1% year-over-year).
• 2016: Revenue of $416K, expenses of $414K, and assets of $583K (revenue -7.9% year-over-year).
• 2015: Revenue of $452K, expenses of $356K, and assets of $581K (revenue +1.7% year-over-year).
• 2014: Revenue of $444K, expenses of $335K, and assets of $491K (revenue +12.3% year-over-year).
• 2013: Revenue of $395K, expenses of $294K, and assets of $377K (revenue +229.4% year-over-year).
• 2012: Revenue of $120K, expenses of $182K, and assets of $276K (revenue -32.8% year-over-year).
• 2011: Revenue of $178K, expenses of $127K, and assets of $338K.

Data Sources and Methodology

This transparency report for Erikas Lighthouse A Beacon Of Hope For Adolescent Depression is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

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