Lydia Place a Nonprofit Corporation

Analysis

Lydia Place a Nonprofit Corporation is a registered charity in United States, based in Bellingham, WA. It received its IRS tax-exemption ruling in February 1994, 32 years ago. 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, Lydia Place a Nonprofit Corporation reported income of $4.4m and spending of $4.7m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $4.4m (+83%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 135%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lydia Place a Nonprofit Corporation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within WA. Charities of a similar size with the same main cause include Mid Fairfield Youth Hockey Association Inc ($4.4m), Conference of Minority Transportation Officials ($4.4m) and Kitchens for Good ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $212k (4.5% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $9.2m against liabilities of $1.0m, net assets of $8.1m. It reported 53 employees.