Light House Studio Inc
EIN: 542033510 · Charlottesvle, VA · NTEE: A31
| Metric | Value |
|---|---|
| Total Revenue | $789K |
| Total Expenses | $754K |
| Net Assets | $3.2M |
Is Light House Studio Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Light House Studio Inc
Light House Studio Inc (EIN: 542033510) is a nonprofit organization based in Charlottesvle, VA, classified under NTEE code A31. The organization reported total revenue of $789K and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Light House Studio Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Light House Studio Inc is a small nonprofit that has been operating for 25 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $754K |
| Surplus / Deficit | +$358K |
| Total Assets | $3.2M |
| Total Liabilities | $18K |
| Net Assets | $3.2M |
| Operating Margin | 32.2% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 51.0 months |
Financial Health Grade: A
In 2023, Light House Studio Inc reported a surplus of $358K with revenue exceeding expenses, holds 51.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Light House Studio Inc's revenue has grown at a compound annual growth rate (CAGR) of 19.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +67.3% | +14.7% | +12.1% |
| 2022 | +1.5% | +48.6% | +0.3% |
| 2021 | -22.7% | -11.0% | +5.2% |
| 2020 | +17.6% | +76.8% | +19.1% |
| 2019 | +17.6% | -38.7% | +19.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Light House Studio Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Light House Studio Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $358K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.6%.
Frequently Asked Questions about Light House Studio Inc
Is Light House Studio Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Light House Studio Inc (EIN: 542033510) insufficient data. 0 red flags identified, 0 strengths noted.
How does Light House Studio Inc spend its money?
Detailed spending breakdown data is not yet available for Light House Studio Inc. Check back for updated IRS 990 analysis.
Are donations to Light House Studio Inc tax-deductible?
Light House Studio Inc is registered as a tax-exempt nonprofit (EIN: 542033510). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Light House Studio Inc located?
Light House Studio Inc is headquartered in Charlottesvle, Virginia and files with the IRS under EIN 542033510. It is classified under NTEE code A31.
How many years of IRS 990 filings does Light House Studio Inc have?
Light House Studio Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $789K in total revenue.
Filing History
IRS 990 filing history for Light House Studio Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Light House Studio Inc's revenue has grown by 770.3%, moving from $128K to $1.1M. Total assets increased by 3713.1% over the same period, from $84K to $3.2M. Total functional expenses rose by 452.4%, from $136K to $754K. In its most recent filing year (2023), Light House Studio Inc reported a surplus of $358K, with revenue exceeding expenses. The organization holds $18K in liabilities against $3.2M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $3.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $754K | $3.2M | $18K | — | — |
| 2022 | $665K | $657K | $2.9M | $23K | — | — |
| 2021 | $655K | $442K | $2.8M | $16K | — | View 990 |
| 2020 | $847K | $497K | $2.7M | $88K | — | View 990 |
| 2019 | $721K | $281K | $2.3M | $8K | — | View 990 |
| 2019 | $613K | $459K | $1.9M | $77K | — | View 990 |
| 2018 | $462K | $405K | $1.8M | $112K | — | View 990 |
| 2017 | $504K | $415K | $1.8M | $168K | — | View 990 |
| 2016 | $825K | $379K | $1.9M | $351K | — | View 990 |
| 2015 | $1.2M | $282K | $1.4M | $299K | — | View 990 |
| 2014 | $270K | $238K | $137K | $0 | — | View 990 |
| 2013 | $215K | $191K | $105K | $0 | — | View 990 |
| 2012 | $146K | $148K | $82K | $0 | — | View 990 |
| 2011 | $128K | $136K | $84K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $754K, and assets of $3.2M (revenue +67.3% year-over-year).
- 2022: Revenue of $665K, expenses of $657K, and assets of $2.9M (revenue +1.5% year-over-year).
- 2021: Revenue of $655K, expenses of $442K, and assets of $2.8M (revenue -22.7% year-over-year).
- 2020: Revenue of $847K, expenses of $497K, and assets of $2.7M (revenue +17.6% year-over-year).
- 2019: Revenue of $721K, expenses of $281K, and assets of $2.3M (revenue +17.6% year-over-year).
- 2019: Revenue of $613K, expenses of $459K, and assets of $1.9M (revenue +32.5% year-over-year).
- 2018: Revenue of $462K, expenses of $405K, and assets of $1.8M (revenue -8.2% year-over-year).
- 2017: Revenue of $504K, expenses of $415K, and assets of $1.8M (revenue -38.9% year-over-year).
- 2016: Revenue of $825K, expenses of $379K, and assets of $1.9M (revenue -32.6% year-over-year).
- 2015: Revenue of $1.2M, expenses of $282K, and assets of $1.4M (revenue +353.9% year-over-year).
- 2014: Revenue of $270K, expenses of $238K, and assets of $137K (revenue +25.5% year-over-year).
- 2013: Revenue of $215K, expenses of $191K, and assets of $105K (revenue +47.5% year-over-year).
- 2012: Revenue of $146K, expenses of $148K, and assets of $82K (revenue +14.0% year-over-year).
- 2011: Revenue of $128K, expenses of $136K, and assets of $84K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Light House Studio Inc:
Data Sources and Methodology
This transparency report for Light House Studio 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.