Foundation for Long Term Care Inc

Analysis

Foundation for Long Term Care Inc is a registered charity in United States, based in Latham, NY. It received its IRS tax-exemption ruling in April 1978, 48 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foundation for Long Term Care Inc reported income of $867k and spending of $621k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $867k (-28%), an average of -7.9% a year. The sharpest change came in the year to December 2020, when income rose by 69%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foundation for Long Term Care Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Washington County Healthy Living Association ($867k), Yes Network ($867k) and Thrive Family Resource Center ($867k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $175k (28% of expenses). Other salaries and wages came to $3,610. At year end it held assets of $458k against liabilities of $57k, net assets of $401k. It reported 5 employees.