Lighthouse Classical Homeschoolers Academy
EIN: 510484374 · Carrollton, GA · NTEE: B20
| Metric | Value |
|---|---|
| Total Revenue | $110K |
| Total Expenses | $109K |
| Net Assets | $117K |
Is Lighthouse Classical Homeschoolers Academy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lighthouse Classical Homeschoolers Academy
Lighthouse Classical Homeschoolers Academy (EIN: 510484374) is a nonprofit organization based in Carrollton, GA, classified under NTEE code B20. The organization reported total revenue of $110K and total assets of $168K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lighthouse Classical Homeschoolers Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lighthouse Classical Homeschoolers Academy is a small nonprofit that has been operating for 21 years, with 3 years of IRS 990 filings on record (2018–2020). Revenue has grown at a compound annual rate of 14.1%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $135K |
| Total Expenses | $109K |
| Surplus / Deficit | +$26K |
| Total Assets | $160K |
| Total Liabilities | $42K |
| Net Assets | $117K |
| Operating Margin | 19.2% |
| Debt-to-Asset Ratio | 26.5% |
| Months of Reserves | 17.5 months |
Financial Health Grade: A
In 2020, Lighthouse Classical Homeschoolers Academy reported a surplus of $26K with revenue exceeding expenses, holds 17.5 months of operating reserves (strong position), has a debt-to-asset ratio of 26.5% (moderate leverage).
Financial Trends
Over 3 years of filings (2018–2020), Lighthouse Classical Homeschoolers Academy's revenue has grown at a compound annual growth rate (CAGR) of 14.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | +12.1% | +12.2% | +3.8% |
| 2019 | +16.2% | +4.3% | -3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lighthouse Classical Homeschoolers Academy 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 Lighthouse Classical Homeschoolers Academy 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $26K, with revenue exceeding expenses.
- Debt-to-asset ratio: 26.5%.
Frequently Asked Questions about Lighthouse Classical Homeschoolers Academy
Is Lighthouse Classical Homeschoolers Academy a legitimate charity?
Lighthouse Classical Homeschoolers Academy (EIN: 510484374) is a registered tax-exempt nonprofit based in Georgia. It has 3 years of IRS 990 filings on record. Total revenue: $110K. No red flags identified. Financial health grade: A.
How does Lighthouse Classical Homeschoolers Academy spend its money?
Lighthouse Classical Homeschoolers Academy reported $110K in total revenue in IRS 990 filings. 3 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Lighthouse Classical Homeschoolers Academy tax-deductible?
Lighthouse Classical Homeschoolers Academy is registered as a tax-exempt nonprofit (EIN: 510484374). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lighthouse Classical Homeschoolers Academy located?
Lighthouse Classical Homeschoolers Academy is headquartered in Carrollton, Georgia and files with the IRS under EIN 510484374. It is classified under NTEE code B20.
How many years of IRS 990 filings does Lighthouse Classical Homeschoolers Academy have?
Lighthouse Classical Homeschoolers Academy has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $110K in total revenue.
Filing History
IRS 990 filing history for Lighthouse Classical Homeschoolers Academy showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2018–2020), Lighthouse Classical Homeschoolers Academy's revenue has grown by 30.2%, moving from $104K to $135K. Total assets increased by 0% over the same period, from $160K to $160K. Total functional expenses rose by 17.1%, from $93K to $109K. In its most recent filing year (2020), Lighthouse Classical Homeschoolers Academy reported a surplus of $26K, with revenue exceeding expenses. The organization holds $42K in liabilities against $160K in assets (debt-to-asset ratio: 26.5%), resulting in net assets of $117K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $135K | $109K | $160K | $42K | — | — |
| 2019 | $121K | $97K | $154K | $154K | — | View 990 |
| 2018 | $104K | $93K | $160K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $135K, expenses of $109K, and assets of $160K (revenue +12.1% year-over-year).
- 2019: Revenue of $121K, expenses of $97K, and assets of $154K (revenue +16.2% year-over-year).
- 2018: Revenue of $104K, expenses of $93K, and assets of $160K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lighthouse Classical Homeschoolers Academy:
Data Sources and Methodology
This transparency report for Lighthouse Classical Homeschoolers Academy 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.