Lily Pad- a Soft Place to Land Inc

Analysis

Lily Pad- a Soft Place to Land Inc is a registered charity in United States, based in Greer, SC. It received its IRS tax-exemption ruling in April 2022, 4 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 December 2023, Lily Pad- a Soft Place to Land Inc reported income of $201k and spending of $120k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $108k to $201k (+86%), an average of +86% a year. The sharpest change came in the year to December 2023, when income rose by 86%. Over the whole period it spent 52% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lily Pad- a Soft Place to Land Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 59th percentile within SC. Charities of a similar size with the same main cause include Mental Health Association Pinecrest Place Inc ($201k), Learning Block Preschool Daycare ($201k) and Casa of the Southern Tier Inc ($201k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $150k against liabilities of $0, net assets of $150k.