Charity Search / LANTERN LANE FARM INC
Mental Health & Crisis Intervention (F60) IRS Verified DX Registered 990 on File

LANTERN LANE FARM INC

EIN: 26-3764801 · MOUNT JULIET, TN 37122-7603 · United States · FY 2024 Data
3 out of 5 55 / 100 Based on 2+ years of filings
Financial strength (30%) 81/100
Reliability (20%) 50/100
Effectiveness (25%) 81/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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CharityAI™ Score
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Mission Statement

The mission of Lantern Lane Farm is to provide rest and restoration to those who need spiritual, emotional, and physical healing through traditional and equine-assisted counseling services in a peaceful, countryside setting. Our purpose is to offer rest, while providing a compassionate, non-judgmental atmosphere for spiritual, emotional, and physical healing to all in need.

Financial Overview — FY 2024
$2.3M
Total Revenue
$2.3M
Total Expenses
$538K
Net Assets
8
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 83.6%
Fundraising Efficiency N/A
Operating Reserve 2.83x
Liability-to-Asset 56.6%
Revenue Diversification 79.8%
Executive Compensation $281K
Compared with Peers
FY 2024
Compared with 1,319 similar organizations (United States, Mental Health & Crisis Intervention, $1M–$10M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
83.6% 85.0%
P10P90
Below median
Admin expense ratio
Management and general / total expenses · lower is better
14.8% 12.5%
P10P90
Below median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
1.6% 0.0%
P10P90
Below median
Operating reserve
Months of expenses covered by net assets · higher is better
2.8 mo 6.2 mo
P10P90
Below median
Liabilities to assets
Total liabilities / total assets · lower is better
56.6% 22.8%
P10P90
Bottom quarter
Revenue concentration
Share of revenue from the largest source · lower is better
79.8% 92.0%
P10P90
Above median
Revenue growth
Year over year revenue growth
1.5% 8.3%
P10P90
Expense growth
Year over year expense growth
2.8% 9.1%
P10P90
Surplus margin
Surplus as a share of revenue
-0.3% 1.7%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $2.3M $2.3M $538K 83.6% 8
2023 $2.2M $2.2M $543K 84.7% 6
2022 $2.0M $1.9M $521K 87.6% 5
2021 $1.5M $1.3M N/A — 4
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Organization Details
EIN
26-3764801
State
TN
City
MOUNT JULIET
ZIP
37122-7603
Classification
F60
Category
Mental Health & Crisis Intervention
Rating
3★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
2008
Foundation Code
15
Form 990
On File
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