Lydia Home Association

Analysis

Lydia Home Association is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 1942, 84 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, Lydia Home Association reported income of $19.7m and spending of $17.7m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.7m to $19.7m (+244%), an average of +36% a year. The sharpest change came in the year to June 2023, when income rose by 104%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lydia Home Association sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include Mactown Inc ($19.7m), Senior Services Inc ($19.7m) and Friendship Manor Inc ($19.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.0% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $223k (1.3% of expenses). Other salaries and wages came to $10.5m. At year end it held assets of $7.7m against liabilities of $2.3m, net assets of $5.4m. It reported 258 employees.