L S Worthy Inc

Analysis

L S Worthy Inc is a registered charity in United States, based in Stone MTN, GA. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, L S Worthy Inc reported income of $156k and spending of $169k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $136k to $156k (+15%), an average of +15% a year. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, L S Worthy Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 51st percentile within GA. Charities of a similar size with the same main cause include Tahlequeh Senior Housing Inc ($156k), E S T H E R Homes Inc ($156k) and Ewing Community Seniors Housing Inc ($156k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $1 against liabilities of $13k, net assets of -$13k.