Donate to Lydia’s Place through the Georgia Tax Center
The Fostering Success Act, will help taxpayers submit applications to the state for dollar-for-dollar income tax credits for individuals, married couples, and companies that file as LLC’s, S Corporations or Partnerships. Deadline to apply is November 15th, 2024. Once approved by the state, donor has until December 31st, 2024 to contribute directly to Lydia’s Place. Make checks payable to Lydia’s Place or pay online at lydiasplace.kindful.com/ Click “Donate now” > select “House Bill 424”
Receive 100% of your donation back in next year’s state tax return!
Your donation to Lydia’s Place through the Georgia Tax Center will be matched dollar-for-dollar in next year’s state tax return. In qualifying situations receive an additional 30% back in your federal tax return-a net gain to the taxpayer!
Lydia’s Place Receives 100% of your donation!
Your donation will provide basic care to young adults who’ve experienced foster care or housing insecurity to promote their growth to independence.
Financials
2023 Budget Summary: Lydia’s Place, Inc
Lydia’s Place, Inc. is a DFCS Qualified Foster Child Support Organization (QFCSO). Our mission is to demonstrate God’s love by providing basic care to young adults who have experienced foster care or homelessness while promoting their growth to independence. Our central program is “Elevate” a transitional residential program that provides safe, stable housing while offering intensive case management, independent skills training, and necessary resources and support for our students as they pursue education and employment.
Funds Received- All Sources = $822,311.73
Fostering Success Act Tax Credit Approved = $151,313.00
Fostering Success Act Tax Credit Received = $149,312.50
Fostering Success Act Tax Credit Expended = $72,218.17
Note: This was the first year of the Fostering Success Act Tax Credit. The majority of tax credits were received in November and December 2023 and therefore could not be used within the calendar year.
2023 Fostering Success Act Budget:
Revenue $0.00
Program Expenses $0.00
Net Income $0.00
Note: This was the first year of the Fostering Success Act Tax Credit. Incoming finds were unknown at the time of the budgeting process and programs were still being established.
