Lucy Idol Center Inc

Analysis

Lucy Idol Center Inc is a registered charity in United States, based in Vermilion, OH. It received its IRS tax-exemption ruling in February 1965, 61 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Lucy Idol Center Inc reported income of $1.3m and spending of $1.1m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.3m (+15%), an average of +3.5% a year. The sharpest change came in the year to June 2022, when income rose by 31%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lucy Idol Center Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within OH. Charities of a similar size with the same main cause include Consumer Credit Counseling Service of Western North Carolina Inc ($1.3m), Circle of Living Hope Inc ($1.3m) and Family Resource Center ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.9% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $90k (7.9% of expenses). Other salaries and wages came to $604k. At year end it held assets of $2.7m against liabilities of $20k, net assets of $2.7m. It reported 34 employees.