Lydias Closet Consortium NFP

Analysis

Lydias Closet Consortium NFP is a registered charity in United States, based in Oblong, IL. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Closet Consortium NFP reported income of $160k and spending of $199k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $241k to $160k (-34%), an average of -9.8% a year. The sharpest change came in the year to December 2020, when income dropped by 52%. Over the whole period it spent 119% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Lydias Closet Consortium NFP sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within IL. Charities of a similar size with the same main cause include Benton Baseball Booster Club ($160k), National Charity League - Vista Irvine Chapter ($160k) and University of Florida ($160k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $294k against liabilities of $0, net assets of $294k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.