Lydias Place Womens and Family Shelter of Randolph

Analysis

Lydias Place Womens and Family Shelter of Randolph is a registered charity in United States, based in Asheboro, NC. It received its IRS tax-exemption ruling in January 2022, 4 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 Place Womens and Family Shelter of Randolph reported income of $755k and spending of $315k, leaving 58% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.5m to $755k (-49%), an average of -49% a year. The sharpest change came in the year to December 2023, when income dropped by 49%. Over the whole period it spent 18% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lydias Place Womens and Family Shelter of Randolph sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within NC. Charities of a similar size with the same main cause include Beacon of Hope Ministries ($755k), Captrust Community Foundation Inc ($755k) and Villa Seton Inc ($755k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $201k. At year end it held assets of $1.9m against liabilities of $14k, net assets of $1.8m. It reported 13 employees.