Lydias Place Inc

Analysis

Lydias Place Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in March 1992, 34 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lydias Place Inc reported income of $178k and spending of $361k, spending 202% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $570k to $178k (-69%), an average of -25% a year. The sharpest change came in the year to June 2021, when income dropped by 48%. Over the whole period it spent 138% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lydias Place Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within PA. Charities of a similar size with the same main cause include Convergence East ($178k), Common Ground Ministries ($178k) and Iglesia Cristiana Santuario de Los Milagros ($178k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.0% and program service revenue 97% of the total. Other salaries and wages came to $151k. At year end it held assets of $903k against liabilities of $3.0m, net assets of -$2.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.