Lichet

Analysis

Lichet is a registered charity in United States, based in Pomona, CA. It received its IRS tax-exemption ruling in November 2014, 12 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 December 2022, Lichet reported income of $93k and spending of $104k, spending 112% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income fell from $291k to $93k (-68%), an average of -44% a year. The sharpest change came in the year to December 2021, when income dropped by 62%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lichet sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within CA. Charities of a similar size with the same main cause include BSCD Properties Inc ($93k), Under His Wings ($93k) and Rock Solid Resource Center ($93k).

On its Form 990-EZ for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.