Charity Search / LANTERN HILL INC
Housing & Shelter (L22) 990 on File

LANTERN HILL INC

EIN: 37-1742780 · CATONSVILLE, MD 21228-3679 · United States · FY 2023 Data
3 out of 5 51 / 100 Based on 2+ years of filings
Financial strength (30%) 62/100
Reliability (20%) 50/100
Effectiveness (25%) 88/100
Impact (25%) No data yet
Financial data: FY 2023 · Scored 9/13/2026
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Financial Overview — FY 2023
$47.6M
Total Revenue
$48.6M
Total Expenses
$-29,667,112
Net Assets
550
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 85.6%
Fundraising Efficiency N/A
Operating Reserve -7.32x
Liability-to-Asset 112.0%
Revenue Diversification 96.9%
Executive Compensation $294K
Compared with Peers
FY 2023
Compared with 663 similar organizations (United States, Housing & Shelter, $10M–$100M in expenses), FY 2023.
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
85.6% 87.0%
P10P90
Below median
Admin expense ratio
Management and general / total expenses · lower is better
14.4% 10.8%
P10P90
Below median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.0%
P10P90
Below median
Operating reserve
Months of expenses covered by net assets · higher is better
-7.3 mo 5.2 mo
P10P90
Bottom quarter
Liabilities to assets
Total liabilities / total assets · lower is better
112.0% 66.9%
P10P90
Bottom quarter
Revenue concentration
Share of revenue from the largest source · lower is better
96.9% 92.3%
P10P90
Bottom quarter
Revenue growth
Year over year revenue growth
-11.8% 8.4%
P10P90
Expense growth
Year over year expense growth
-19.2% 9.3%
P10P90
Surplus margin
Surplus as a share of revenue
-2.1% 0.2%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2023 $47.6M $48.6M $-29,667,112 85.6% 550
2022 $54.0M $60.2M $-31,492,083 88.7% 545
2021 $49.1M $54.2M N/A 501
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Organization Details
EIN
37-1742780
State
MD
City
CATONSVILLE
ZIP
21228-3679
Classification
L22
Category
Housing & Shelter
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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