Financials2019-03-22T11:57:46+00:00

2017-2018 Audited Financial Statements

By joining forces, the new Lighthouse will achieve economies of scale that will help donor dollars to be used more efficiently and effectively to generate impact.

Columns order – Lighthouse | SOS | Combined

Income:
Government – 972,858 | 996,774 | 1,969,632
Contributions – 767,478 | 510,966 | 1,278,444
Foundations – 346,140 | 289,282 | 635,422
Donated goods & services – 887,674 | 1,941,926 | 2,829,600
Special events – 157,995 | 266,289 | 424,284
Investment, program & other income – 482,748 | 33,159 | 515,907
Total revenue – 3,614,893 | 4,038,396 | 7,653,289

Expenses:
Program services – 3,008,350 | 3,364,690 | 6,373,040
Management & general – 399,033 | 185,801 | 584,834
Fundraising – 455,477 | 292,234 | 747,711
Total expenses – 3,862,860 | 3,842,725 | 7,705,585

End-of-year Balances:
Total assets – 8,106,960 | 1,590,273 | 9,697,233
Total liabilities – 1,301,108 | 228,702 | 1,529,810
Total equity – 6,814,257 | 1,361,571 | 8,175,828