Friends Of Sakonnet Lighthouse Inc

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Friends Of Sakonnet Lighthouse Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Friends Of Sakonnet Lighthouse Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Friends Of Sakonnet Lighthouse Inc in one place.

Is Friends Of Sakonnet Lighthouse Inc Legit?

Some Concerns

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

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Across stored filings, Friends Of Sakonnet Lighthouse Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Turn this Form 990 profile into a donor-ready report

Request a concise report for Friends Of Sakonnet Lighthouse Inc with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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Friends Of Sakonnet Lighthouse Inc directs 10% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.

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.

Organization Overview

Friends Of Sakonnet Lighthouse Inc is a small nonprofit that has been operating for 39 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -16.1%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Friends Of Sakonnet Lighthouse Inc reported a surplus of $31K with revenue exceeding expenses, holds 231.2 months of operating reserves (strong position).

Financial Trends

Over 14 years of filings (2011–2023), Friends Of Sakonnet Lighthouse Inc's revenue has declined at a compound annual growth rate (CAGR) of -16.1%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $31K, with revenue exceeding expenses.

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

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-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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Friends Of Sakonnet Lighthouse Inc:

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.