Lords Place Inc

Analysis

Lords Place Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in July 1983, 43 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 June 2023, Lords Place Inc reported income of $18.2m and spending of $14.4m, leaving 21% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $22.0m to $18.2m (-17%), an average of -6.1% a year. The sharpest change came in the year to June 2021, when income dropped by 35%. Over the whole period it spent 77% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lords Place Inc 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 FL. Charities of a similar size with the same main cause include Nashville Rescue Mission ($18.2m), Northwest Housing Alternatives Inc ($18.2m) and Actors Fund Housing Development Corporation ($18.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $539k (3.8% of expenses). Other salaries and wages came to $6.1m. At year end it held assets of $36.0m against liabilities of $1.5m, net assets of $34.5m. It reported 170 employees.