Lydias House Inc

Analysis

Lydias House Inc is a registered charity in United States, based in Norwood, OH. It received its IRS tax-exemption ruling in October 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 House Inc reported income of $517k and spending of $434k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $579k to $517k (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 59% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lydias House Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within OH. Charities of a similar size with the same main cause include Candlewood Community Housing of Thurston County ($517k), Tennessee Housing Development Corporation ($518k) and Evergreen Annex Inc ($517k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $53k (12% of expenses). At year end it held assets of $3.0m against liabilities of $358k, net assets of $2.6m. It reported 6 employees.