Lighthouse Recovery Services Inc
Lighthouse Recovery Services Inc. operates with volunteer leadership and consistent revenue, but faces recent deficits.
EIN: 20570995 · Owensboro, KY · NTEE: P80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $200K |
| Total Expenses | $228K |
| Program Spending | 85% |
| Net Assets | $277K |
| Transparency Score | 85/100 |
Is Lighthouse Recovery Services Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lighthouse Recovery Services Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lighthouse Recovery Services Inc
Lighthouse Recovery Services Inc (EIN: 20570995) is a nonprofit organization based in Owensboro, KY, classified under NTEE code P80. The organization reported total revenue of $200K and total assets of $317K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lighthouse Recovery Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lighthouse Recovery Services Inc is a small nonprofit that has been operating for 9 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $197K |
| Total Expenses | $228K |
| Surplus / Deficit | $-31,209 |
| Total Assets | $317K |
| Total Liabilities | $41K |
| Net Assets | $277K |
| Operating Margin | -15.8% |
| Debt-to-Asset Ratio | 12.8% |
| Months of Reserves | 16.7 months |
Financial Health Grade: B
In 2023, Lighthouse Recovery Services Inc reported a deficit of $31K with expenses exceeding revenue, holds 16.7 months of operating reserves (strong position), has a debt-to-asset ratio of 12.8% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Lighthouse Recovery Services Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.8% | +6.0% | -2.3% |
| 2022 | -27.2% | -2.1% | -8.2% |
| 2021 | +27.2% | — | -10.6% |
| 2020 | +33.1% | -100.0% | +192.7% |
| 2019 | +3.8% | +17.3% | +3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2017 |
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 Lighthouse Recovery Services Inc with a Mission Score of 85 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, Lighthouse Recovery Services Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $31K, with expenses exceeding revenue.
- Debt-to-asset ratio: 12.8%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size.
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 Lighthouse Recovery Services Inc's IRS 990 filings:
- Expenses exceeding revenue in recent years (e.g., $31,209 deficit in 2023)
- Decline in assets from 2020 peak of $395,745 to $317,486 in 2023
Strengths
The following positive indicators were identified for Lighthouse Recovery Services Inc:
- Consistent 0% officer compensation, indicating volunteer leadership
- Long history of IRS 990 filings (14 filings), demonstrating transparency
- Relatively low liabilities compared to assets ($40,712 liabilities vs. $317,486 assets in 2023)
- Strong program focus due to minimal administrative and fundraising overhead
Frequently Asked Questions about Lighthouse Recovery Services Inc
Is Lighthouse Recovery Services Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lighthouse Recovery Services Inc (EIN: 20570995) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Lighthouse Recovery Services Inc spend its money?
Lighthouse Recovery Services Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lighthouse Recovery Services Inc tax-deductible?
Lighthouse Recovery Services Inc is registered as a tax-exempt nonprofit (EIN: 20570995). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lighthouse Recovery Services Inc's spending goes to programs?
Lighthouse Recovery Services Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lighthouse Recovery Services Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Lighthouse Recovery Services Inc is above average for NTEE category P80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lighthouse Recovery Services Inc located?
Lighthouse Recovery Services Inc is headquartered in Owensboro, Kentucky and files with the IRS under EIN 20570995. It is classified under NTEE code P80.
How many years of IRS 990 filings does Lighthouse Recovery Services Inc have?
Lighthouse Recovery Services 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 $200K in total revenue.
Is Lighthouse Recovery Services Inc. financially stable?
While the organization has a solid asset base of $317,486 and low liabilities, the recent trend of expenses exceeding revenue (e.g., $228,210 expenses vs. $197,001 revenue in 2023) suggests a need to monitor financial stability closely.
How does Lighthouse Recovery Services Inc. manage its administrative costs?
With 0% officer compensation reported across all filings, Lighthouse Recovery Services Inc. demonstrates exceptional efficiency in managing its leadership and administrative overhead, likely relying heavily on volunteer efforts.
What is the trend in the organization's assets?
Assets have fluctuated, peaking at $395,745 in 2020 and currently at $317,486. While there has been a decrease from the peak, the current asset level is still substantial relative to its annual revenue.
Filing History
IRS 990 filing history for Lighthouse Recovery Services Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Lighthouse Recovery Services Inc's revenue has grown by 47.9%, moving from $133K to $197K. Total assets increased by 1100.9% over the same period, from $26K to $317K. Total functional expenses rose by 70.1%, from $134K to $228K. In its most recent filing year (2023), Lighthouse Recovery Services Inc reported a deficit of $31K, with expenses exceeding revenue. The organization holds $41K in liabilities against $317K in assets (debt-to-asset ratio: 12.8%), resulting in net assets of $277K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $197K | $228K | $317K | $41K | — | — |
| 2022 | $214K | $215K | $325K | $37K | — | View 990 |
| 2021 | $294K | $220K | $354K | $38K | — | View 990 |
| 2020 | $231K | $0 | $396K | $6K | — | View 990 |
| 2019 | $173K | $170K | $135K | $2K | — | — |
| 2018 | $167K | $145K | $131K | $1K | — | View 990 |
| 2017 | $145K | $157K | $141K | $1K | — | View 990 |
| 2016 | $195K | $198K | $154K | $6K | — | — |
| 2015 | $181K | $184K | $168K | $16K | — | — |
| 2014 | $169K | $148K | $172K | $17K | — | — |
| 2013 | $140K | $133K | $141K | $7K | — | — |
| 2012 | $178K | $141K | $131K | $22K | — | View 990 |
| 2011 | $116K | $118K | $29K | $34K | — | View 990 |
| 2010 | $133K | $134K | $26K | $42K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $197K, expenses of $228K, and assets of $317K (revenue -7.8% year-over-year).
- 2022: Revenue of $214K, expenses of $215K, and assets of $325K (revenue -27.2% year-over-year).
- 2021: Revenue of $294K, expenses of $220K, and assets of $354K (revenue +27.2% year-over-year).
- 2020: Revenue of $231K, expenses of $0, and assets of $396K (revenue +33.1% year-over-year).
- 2019: Revenue of $173K, expenses of $170K, and assets of $135K (revenue +3.8% year-over-year).
- 2018: Revenue of $167K, expenses of $145K, and assets of $131K (revenue +15.1% year-over-year).
- 2017: Revenue of $145K, expenses of $157K, and assets of $141K (revenue -25.6% year-over-year).
- 2016: Revenue of $195K, expenses of $198K, and assets of $154K (revenue +7.5% year-over-year).
- 2015: Revenue of $181K, expenses of $184K, and assets of $168K (revenue +7.1% year-over-year).
- 2014: Revenue of $169K, expenses of $148K, and assets of $172K (revenue +21.1% year-over-year).
- 2013: Revenue of $140K, expenses of $133K, and assets of $141K (revenue -21.5% year-over-year).
- 2012: Revenue of $178K, expenses of $141K, and assets of $131K (revenue +54.0% year-over-year).
- 2011: Revenue of $116K, expenses of $118K, and assets of $29K (revenue -13.2% year-over-year).
- 2010: Revenue of $133K, expenses of $134K, and assets of $26K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lighthouse Recovery Services Inc:
Data Sources and Methodology
This transparency report for Lighthouse Recovery Services 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.