Overview
What is Lighthouse Childrens Homes Inc?
Lighthouse Children's Homes Inc is a nonprofit organization, headquartered in Kosciusko, Mississippi. The mission of this charitable entity is multifaceted, encompassing the establishment and maintenance of various facilities for children, such as homes, hospitals, chapels, churches, and orphanages, both domestically and internationally, consistent with the laws of Mississippi. Their operations involve providing comprehensive care for children residing in seven homes, including housing, education, medical aid, food, and counseling. Regular inspections and updates are carried out to ensure the well-being of the children, ensuring that the buildings, vehicles, and equipment are in good condition. With a team of four dedicated individuals, Lighthouse Children's Homes Inc is committed to making a positive impact in the lives of vulnerable children.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
Lighthouse Children's Homes Inc has earned a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The overall score is based solely on its accountability and finance metrics, reflecting oversight and transparency in its operations. An impressive 100% of board members are independent, showcasing a commitment to governance integrity.
The organization achieved a perfect score in several financial categories, including the review of financial statements and the absence of material diversions of assets. The liabilities to assets ratio stands at a negative 0.08%, suggesting that the organization is in a stable financial position. Furthermore, a program expense ratio of 79.50% indicates that a significant majority of its expenses are directed towards its mission-related activities.
While the organization demonstrates strong financial health and governance practices, it would benefit from a diversified assessment by incorporating additional measures of effectiveness beyond just financials. Overall, Lighthouse Children's Homes Inc shows a commendable commitment to accountability, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Lighthouse Childrens Homes Inc legitimate?
Lighthouse Childrens Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lighthouse Childrens Homes 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $54,728
For more financial information, click here
What is the mission statement of Lighthouse Childrens Homes Inc?
Lighthouse Children's Homes Inc is established with the purpose of establishing and maintaining children's homes, hospitals, chapels, churches, and orphanages both domestically in the United States and internationally, adhering to the laws of Mississippi. The organization's mission is multifaceted, encompassing the provision of housing, education, medical care, food, and counseling for children residing in their homes. Regular visits are made to each home to oversee operations and ensure everything runs smoothly. Additionally, the organization invests in improving the facilities, vehicles, and equipment in all of its homes, demonstrating its commitment to the well-being and care of the children under its charge.
Who is the CEO of Lighthouse Childrens Homes Inc?
Ron Black is the Treasurer of Lighthouse Childrens Homes Inc.
What is the revenue of Lighthouse Childrens Homes Inc?
Lighthouse Childrens Homes Inc's revenue in 2022 was $820,190.
Who are the executives of Lighthouse Childrens Homes Inc and what are their salaries?
The average compensation at Lighthouse Childrens Homes Inc during 2022 was $13,682. There are 4 employees at Lighthouse Childrens Homes Inc.
Here are 10 key members and their salaries:
- Compensation: $16,140
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- Other: $0
- Compensation: $10,760
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Lighthouse Childrens Homes Inc?
Lighthouse Childrens Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lighthouse Childrens Homes Inc
Lighthouse Children's Homes Inc is an organization committed to establishing and maintaining various facilities aimed at providing care and support for children. These facilities include children's homes, hospitals, chapels, churches, and orphanages, both in the United States and abroad. The corporation operates within the boundaries set by the laws of Mississippi, ensuring its actions are aligned with the state's regulations. Lighthouse Children's Homes Inc provides a comprehensive range of services for the children residing in its homes, including housing, education, medical care, food, and counseling. The organization takes proactive measures to monitor the operations of its seven homes, regularly visiting each one to ensure they are running smoothly. Additionally, Lighthouse Children's Homes Inc invests in updating the buildings, vehicles, and equipment within its homes, ensuring they are well-maintained and equipped to meet the needs of the children they serve.
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Impact
July, 2024
Lighthouse Childrens Homes Inc has a significant impact on the lives of children in need. This organization provides housing, schooling, medical care, food, and counseling for all the children in its seven homes. They also make regular trips to each home to ensure proper operations and have invested in updating buildings, vehicles, and equipment to better serve the children. Through their work, Lighthouse Childrens Homes Inc positively impacts the well-being and futures of vulnerable children, providing them with the support and care they need to thrive.
This information is meant to be a general summary of Lighthouse Childrens Homes 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.
- Gross Receipts: $820,190
Assets and Liabilities:
- Total Assets: $728,793
- Total Liabilities: -$581
- Net Assets: $729,374
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Organization Details
Principal Officer
Ron Black
Main Address
POST OFFICE BOX 730, KOSCIUSKO, MS, 390900730
NTEE Category
Code: P30 - Human services
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