LTR Housing Corp

Analysis

LTR Housing Corp is a registered charity in United States, based in Webster, NY. It received its IRS tax-exemption ruling in February 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, LTR Housing Corp reported income of $125k and spending of $164k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $107k to $125k (+17%), an average of +3.9% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 130% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, LTR Housing Corp sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include Calaveras County Seniors Center Inc ($125k), Fund for Refugee Initiatives ($125k) and Friends of Urban Agriculture ($125k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 81% of the total. Other salaries and wages came to $4,048. At year end it held assets of $443k against liabilities of $847k, net assets of -$403k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.