Friends Of Sakonnet Lighthouse Inc
Friends Of Sakonnet Lighthouse: Strong Asset Growth, Low Program Spending
EIN: 222559874 · L Compton, RI · Updated: 2026-04-04
About Friends Of Sakonnet Lighthouse Inc
Friends Of Sakonnet Lighthouse Inc (EIN: 222559874) is a nonprofit organization based in L Compton, RI. The organization reported total revenue of $127K and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Sakonnet Lighthouse Inc'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 Friends Of Sakonnet Lighthouse Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 50%
- programs: 10%
- fundraising: 40%
According to IRS 990 filings, Friends Of Sakonnet Lighthouse Inc allocates its expenses as follows: admin: 50%, programs: 10%, fundraising: 40%. Only 10% is directed toward programs, which may warrant further investigation by donors.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, suggesting it is below the Form 990-EZ reporting threshold of $100,000 for any single individual.
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.
Red Flags
The following concerns were identified during AI analysis of Friends Of Sakonnet Lighthouse Inc's IRS 990 filings:
- Program expenses are consistently low, e.g., $14,083 in 2022, compared to total expenses.
- Administrative and fundraising costs appear to consume a significant portion of total expenses.
- The organization's primary focus seems to be asset accumulation rather than direct program delivery based on spending patterns.
Strengths
The following positive indicators were identified for Friends Of Sakonnet Lighthouse Inc:
- Consistent revenue generation over several years.
- Significant growth in net assets, from $937,324 in 2018 to $1,883,595 in 2023.
- No reported liabilities ('l0') across all available years, indicating strong financial health.
- Zero lobbying expenses ('c0%') reported, suggesting a focus away from political influence.
Frequently Asked Questions about Friends Of Sakonnet Lighthouse Inc
What does Friends Of Sakonnet Lighthouse Inc do?
Friends Of Sakonnet Lighthouse Inc is a nonprofit organization in the Unknown sector, located in L Compton, Rhode Island. It is classified under NTEE code Unknown.
How much revenue does Friends Of Sakonnet Lighthouse Inc have?
Friends Of Sakonnet Lighthouse Inc reported total revenue of $126,507. Based on 14 IRS 990 filings on record.
What are Friends Of Sakonnet Lighthouse Inc's total assets?
Friends Of Sakonnet Lighthouse Inc holds total assets of $1,883,595 as reported in IRS 990 filings.
Where is Friends Of Sakonnet Lighthouse Inc located?
Friends Of Sakonnet Lighthouse Inc is based in L Compton, Rhode Island.
What is Friends Of Sakonnet Lighthouse Inc's EIN?
Friends Of Sakonnet Lighthouse Inc's Employer Identification Number (EIN) is 222559874. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Friends Of Sakonnet Lighthouse Inc?
Friends Of Sakonnet Lighthouse Inc is classified under NTEE code Unknown (Unknown).
Is Friends Of Sakonnet Lighthouse Inc a registered 501(c)(3)?
Friends Of Sakonnet Lighthouse Inc appears in IRS records (EIN: 222559874). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Friends Of Sakonnet Lighthouse Inc file IRS Form 990?
Yes, Friends Of Sakonnet Lighthouse Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Friends Of Sakonnet Lighthouse Inc's revenue in 2023?
In the 202312 filing period, Friends Of Sakonnet Lighthouse Inc reported total revenue of $114,710, total expenses of $84,069, and net assets of $1,619,425.
Is Friends Of Sakonnet Lighthouse Inc's revenue growing or declining?
Friends Of Sakonnet Lighthouse Inc's revenue is growing. Revenue went from $87,123 (202212) to $114,710 (202312), a +31.7% change. Based on 14 filings on record.
What is Friends Of Sakonnet Lighthouse Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Friends Of Sakonnet Lighthouse Inc covers tax period 202312. It shows revenue of $114,710, expenses of $84,069, total assets of $1,619,425, and liabilities of N/A.
How much does Friends Of Sakonnet Lighthouse Inc spend on programs vs administration?
Based on IRS 990 analysis, Friends Of Sakonnet Lighthouse Inc allocates approximately 10% of expenses to program services, 50% to administrative costs, and 40% to fundraising. Overhead costs appear high relative to program spending.
Is Friends Of Sakonnet Lighthouse Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Friends Of Sakonnet Lighthouse Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 4 strengths noted.
What are the red flags for Friends Of Sakonnet Lighthouse Inc?
The following concerns were identified: Program expenses are consistently low, e.g., $14,083 in 2022, compared to total expenses.. Administrative and fundraising costs appear to consume a significant portion of total expenses.. The organization's primary focus seems to be asset accumulation rather than direct program delivery based on spending patterns.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Friends Of Sakonnet Lighthouse Inc's strengths?
Positive indicators for Friends Of Sakonnet Lighthouse Inc include: Consistent revenue generation over several years.. Significant growth in net assets, from $937,324 in 2018 to $1,883,595 in 2023.. No reported liabilities ('l0') across all available years, indicating strong financial health.. Zero lobbying expenses ('c0%') reported, suggesting a focus away from political influence.. These findings are derived from AI analysis of the organization's financial filings.
How does Friends Of Sakonnet Lighthouse Inc compensate executives?
Executive compensation is not reported in the provided data, suggesting it is below the Form 990-EZ reporting threshold of $100,000 for any single individual. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the substantial asset growth and minimal program spending, what is the long-term strategy for utilizing these accumulated assets to further the lighthouse's mission?
The data suggests a focus on capital preservation and growth, potentially for future large-scale restoration projects or endowment building, rather than immediate program delivery. Further inquiry into their strategic plan would be necessary.
How does the organization justify the high proportion of administrative and fundraising expenses relative to direct program expenditures?
In 2022, total expenses were $14,083, with program expenses being a small fraction. This could indicate a volunteer-heavy operation or a focus on overhead necessary for maintaining the lighthouse structure itself, which might be categorized differently than 'program' in their accounting.
Filing History
IRS 990 filing history for Friends Of Sakonnet Lighthouse Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Friends Of Sakonnet Lighthouse Inc's revenue has declined by 87.8%, moving from $939K to $115K. Total assets increased by 69.3% over the same period, from $957K to $1.6M. Total functional expenses fell by 89.9%, from $830K to $84K. In its most recent filing year (2023), Friends Of Sakonnet Lighthouse Inc reported a surplus of $31K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $115K | $84K | $1.6M | $0 | — | View 990 |
| 2022 | $87K | $14K | $1.4M | $0 | — | View 990 |
| 2021 | $86K | $46K | $1.5M | $0 | — | View 990 |
| 2020 | $56K | $24K | $1.3M | $0 | — | — |
| 2019 | $43K | $24K | $1.1M | $0 | — | View 990 |
| 2018 | $60K | $50K | $937K | $0 | — | View 990 |
| 2017 | $48K | $23K | $973K | $0 | — | View 990 |
| 2016 | $53K | $33K | $817K | $0 | — | View 990 |
| 2015 | $17K | $17K | $736K | $0 | — | View 990 |
| 2015 | $39K | $32K | $765K | $0 | — | View 990 |
| 2014 | $29K | $33K | $747K | $0 | — | View 990 |
| 2013 | $29K | $23K | $645K | $0 | — | View 990 |
| 2012 | $148K | $514K | $581K | $0 | — | View 990 |
| 2011 | $939K | $830K | $957K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $115K, expenses of $84K, and assets of $1.6M (revenue +31.7% year-over-year).
- 2022: Revenue of $87K, expenses of $14K, and assets of $1.4M (revenue +0.8% year-over-year).
- 2021: Revenue of $86K, expenses of $46K, and assets of $1.5M (revenue +54.5% year-over-year).
- 2020: Revenue of $56K, expenses of $24K, and assets of $1.3M (revenue +31.2% year-over-year).
- 2019: Revenue of $43K, expenses of $24K, and assets of $1.1M (revenue -28.9% year-over-year).
- 2018: Revenue of $60K, expenses of $50K, and assets of $937K (revenue +24.6% year-over-year).
- 2017: Revenue of $48K, expenses of $23K, and assets of $973K (revenue -9.9% year-over-year).
- 2016: Revenue of $53K, expenses of $33K, and assets of $817K (revenue +217.8% year-over-year).
- 2015: Revenue of $17K, expenses of $17K, and assets of $736K (revenue -56.7% year-over-year).
- 2015: Revenue of $39K, expenses of $32K, and assets of $765K (revenue +35.6% year-over-year).
- 2014: Revenue of $29K, expenses of $33K, and assets of $747K (revenue -0.1% year-over-year).
- 2013: Revenue of $29K, expenses of $23K, and assets of $645K (revenue -80.7% year-over-year).
- 2012: Revenue of $148K, expenses of $514K, and assets of $581K (revenue -84.2% year-over-year).
- 2011: Revenue of $939K, expenses of $830K, and assets of $957K.
Data Sources and Methodology
This transparency report for Friends Of Sakonnet Lighthouse Inc 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.