Lucies Place Inc

Analysis

Lucies Place Inc is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in June 2012, 14 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lucies Place Inc reported income of $124k and spending of $266k, spending 216% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $321k to $124k (-62%), an average of -21% a year. The sharpest change came in the year to December 2022, when income rose by 102%. Over the whole period it spent 111% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lucies Place Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within AR. Charities of a similar size with the same main cause include Jaxs Transitional Homes Inc ($124k), Bay Cove Woodward Park Residence Inc ($124k) and Birch Lane Apartments Inc ($124k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $133k (50% of expenses). At year end it held assets of $316k against liabilities of $26k, net assets of $290k. It reported 7 employees.