Overview
What is Lighthouse Ministries Florence?
Lighthouse Ministries Florence is a compassionate nonprofit organization situated in Florence, South Carolina. With a dedicated team of five individuals, their primary mission is to offer financial aid to families and individuals struggling with limited resources. This assistance extends to essential expenses such as mortgage payments, rent, and utility bills. Their goal is to alleviate some of the financial burdens faced by those in need, providing a much-needed source of support during challenging times.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star Rating.
Lighthouse Ministries Florence has achieved a strong 94% score, reflecting its commitment to high standards of accountability and finance. The overall rating is based solely on its Accountability & Finance metrics, indicating a strong emphasis on transparency and responsible management of funds.
The organization boasts a fully independent board, with all members meeting the criteria for independence, which enhances its governance structure. Financially, it has no material diversions of assets and maintains a low liabilities-to-assets ratio of 0.35%, demonstrating solid financial health. Additionally, a significant 86.92% of its expenses are directed towards programs, underscoring its mission-driven approach.
While the organization has significant strengths, it is crucial to continue monitoring performance and ensure ongoing compliance with best practices in governance and financial management to maintain its positive trajectory. Overall, Lighthouse Ministries Florence appears to be effectively utilizing its resources to fulfill its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Lighthouse Ministries Florence legitimate?
Lighthouse Ministries Florence is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lighthouse Ministries Florence 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: $71,607
Professional Fundraising Fees: $0
Other Salaries and Wages: $150,152
For more financial information, click here
What is the mission statement of Lighthouse Ministries Florence?
Lighthouse Ministries, as an organization, is committed to offering financial assistance to families and individuals who are financially struggling. Their mission encompasses providing aid in various aspects, including mortgage payments, rent, utility bills, and food expenses. The organization's primary goal is to alleviate some of the financial burdens faced by individuals with limited resources. This assistance is crucial in helping them maintain a stable living situation. By providing this aid, Lighthouse Ministries aims to contribute positively to the lives of those in need.
Who is the CEO of Lighthouse Ministries Florence?
Cecilia Meggs is the Exec Director of Lighthouse Ministries Florence.
What is the revenue of Lighthouse Ministries Florence?
Lighthouse Ministries Florence's revenue in 2022 was $682,682.
Who are the executives of Lighthouse Ministries Florence and what are their salaries?
The average compensation at Lighthouse Ministries Florence during 2022 was $44,352. There are 5 employees at Lighthouse Ministries Florence.
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- Compensation: $71,607
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Where can I find the form 990 for Lighthouse Ministries Florence?
Lighthouse Ministries Florence's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lighthouse Ministries Florence
Lighthouse Ministries is an organization devoted to extending financial aid to families and individuals with limited resources. Its mission encompasses providing assistance with essential expenses such as mortgages, rent, and utilities. By offering this support, Lighthouse Ministries aims to alleviate some of the financial burdens that many individuals and families face, thereby contributing to their overall well-being. The organization's programs are geared towards helping those in need, offering a ray of hope during challenging times.
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Impact
July, 2024
Lighthouse Ministries Florence has a direct impact on the community by providing crucial financial assistance to families and individuals facing limited resources. Through their programs, they offer support with mortgages, rent, utilities, and food, addressing immediate needs and ensuring that vulnerable members of society have a safety net to rely on. Their focus on human services exemplifies their commitment to helping those in need and making a tangible difference in the lives of individuals struggling with financial hardship in Florence, SC.
This information is meant to be a general summary of Lighthouse Ministries Florence. 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: -$19,918
- Gross Receipts: $713,141
Assets and Liabilities:
- Total Assets: $823,944
- Total Liabilities: $7,406
- Net Assets: $816,538
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Organization Details
Founding Year
1996
Principal Officer
Cecilia Meggs
Main Address
PO BOX 6801, FLORENCE, SC, 29502
NTEE Category
Code: P60Z - Human services
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