Lydias Place Inc

Analysis

Lydias Place Inc is a registered charity in United States, based in Watkinsville, GA. It received its IRS tax-exemption ruling in October 2017, 9 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 June 2023, Lydias Place Inc reported income of $589k and spending of $550k, spending 93% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $426k to $589k (+39%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 29%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lydias Place Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 76th percentile within GA. Charities of a similar size with the same main cause include Pickens County Community Resource Association Inc ($589k), Bartimaeus Ministries Dba Lovely VI Llage ($590k) and Olentangy Athletic Boosters Inc ($589k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 1.5% of the total. Other salaries and wages came to $176k. At year end it held assets of $359k against liabilities of $1,636, net assets of $357k. It reported 3 employees.