Overview
What is Light House Mission Inc?
Light House Mission Inc, located at 1201 South 13th Street, Terre Haute, IN 47802, is a nonprofit organization committed to assisting the homeless and indigent. Their primary mission involves providing essential resources, such as food, shelter, and clothing, to those in need. Furthermore, they incorporate spiritual teaching into their services, aiming to uplift and support the overall well-being of their clients. With a dedicated team of 14 employees, Light House Mission Inc continues to make a significant impact in their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating
Light House Mission Inc has received an 80% score from Charity Navigator, indicating a solid performance in both accountability and impact measurement. With a program expense ratio of 94%, the organization demonstrates a strong commitment to channeling funds directly toward its programs. Additionally, their financial stability is underscored by a low liabilities to assets ratio of 0.34%, suggesting sound management of resources.
The charity boasts a fully independent board, with 100% of its nine members meeting this criterion. This independence is crucial for maintaining transparency and governance standards. Furthermore, Light House Mission Inc has established comprehensive policies, including conflict of interest and whistleblower protections, which have received top ratings, reflecting a commitment to ethical practices and operational accountability.
While the overall ratings are positive, there is always an opportunity for growth and improvement. Continuous monitoring of their impact and effectiveness will be essential for sustaining high performance and ensuring donor trust. However, the current assessment indicates that Light House Mission Inc is a responsible and impactful nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Light House Mission Inc legitimate?
Light House Mission Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Light House Mission Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $194,389
Professional Fundraising Fees: $0
Other Salaries and Wages: $283,421
For more financial information, click here
What is the mission statement of Light House Mission Inc?
Light House Mission Inc is committed to providing essential aid to the homeless and indigent. Their mission encompasses offering food, shelter, and clothing, as well as spiritual guidance. By doing so, they aim to improve the lives of those in need, providing them with essential resources and spiritual support. Their activities are centered around these four key areas, aiming to make a significant impact on the well-being of the vulnerable individuals they serve.
Who is the CEO of Light House Mission Inc?
Timothy Fagg is the Ceo of Light House Mission Inc. The CEO's salary of Light House Mission Inc is $86,544 and their total compensation is $116,107.
What is the revenue of Light House Mission Inc?
Light House Mission Inc's revenue in 2022 was $1,283,619.
Who are the executives of Light House Mission Inc and what are their salaries?
The average compensation at Light House Mission Inc during 2022 was $34,129. There are 14 employees and 240 volunteers at Light House Mission Inc.
Here are 11 key members and their salaries (Light House Mission Inc's CEO's salary is $86,544 and their total compensation is $116,107):
- Compensation: $86,544
- Related: $0
- Other: $29,563
- Compensation: $78,282
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Light House Mission Inc?
Light House Mission Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Light House Mission Inc
Light House Mission Inc, a nonprofit organization, is dedicated to providing essential aid to the homeless and indigent population. Their mission encompasses four crucial aspects: food, shelter, clothing, and spiritual teaching. Through these offerings, they strive to uplift and support individuals who find themselves in challenging circumstances. By providing food, they ensure that no one goes hungry. With shelter, they offer a sanctuary where people can find refuge and safety. Clothing is another essential need that Light House Mission Inc fulfills, ensuring that those they serve can face the world with dignity. Lastly, their spiritual teaching component adds an extra layer of support, aiming to help individuals find solace and purpose in difficult times. Overall, Light House Mission Inc is a compassionate organization that seeks to improve the lives of the homeless and indigent by addressing their basic needs and offering spiritual guidance.
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Impact
October, 2024
Light House Mission Inc plays a pivotal role in addressing the needs of the homeless and indigent population in Terre Haute, Indiana. By providing essential services such as food, shelter, and clothing, the organization directly improves the quality of life for individuals facing extreme hardship. Beyond immediate material support, it also offers spiritual teaching, fostering a sense of community and personal growth. This holistic approach not only addresses basic needs but also promotes emotional and spiritual well-being, empowering individuals to rebuild their lives. Through its dedicated efforts, Light House Mission Inc significantly contributes to alleviating homelessness and supporting those most vulnerable in the community.
This information is meant to be a general summary of Light House Mission Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $603,394
- Program Service Revenue: $14,356
- Gross Receipts: $1,553,476
Assets and Liabilities:
- Total Assets: $2,727,036
- Total Liabilities: $9,321
- Net Assets: $2,717,715
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN FORGIVENESS
Revenue
$14,356
Organization Details
Founding Year
1963
Principal Officer
Timothy Fagg
Main Address
1201 SOUTH 13TH STREET, TERRE HAUTE, IN, 47802
NTEE Category
Code: P600 - Human services
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