Leominster Telecommunications Corp Inc

Analysis

Leominster Telecommunications Corp Inc is a registered charity in United States, based in Leominster, MA. It received its IRS tax-exemption ruling in September 2000, 26 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 March 2024, Leominster Telecommunications Corp Inc reported income of $669k and spending of $549k, spending 82% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $631k to $669k (+6.0%), an average of +1.5% a year. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Leominster Telecommunications Corp Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include NC Rams All-Sport Booster Club Inc ($669k), Better Lives Rhode Island ($669k) and Trident Foundation ($669k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $93k (17% of expenses). Other salaries and wages came to $164k. At year end it held assets of $1.8m against liabilities of $621k, net assets of $1.2m. It reported 11 employees.