Lydias Gate Inc

Analysis

Lydias Gate Inc is a registered charity in United States, based in Mio, MI. It received its IRS tax-exemption ruling in April 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, Lydias Gate Inc reported income of $72k and spending of $80k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $84k to $72k (-14%), an average of -14% a year. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lydias Gate Inc sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 28th percentile within MI. Charities of a similar size with the same main cause include Bee County Habitat for Humanity ($72k), Fox River Affordable Housing Corp ($72k) and Senior Citizens Housing II of Moore Okla Inc ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 76% of the total. At year end it held assets of $161k against liabilities of $1,336, net assets of $160k.