LTC Eddy Inc

Analysis

LTC Eddy Inc is a registered charity in United States, based in Troy, NY. It received its IRS tax-exemption ruling in November 1987, 39 years ago. 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 June 2023, LTC Eddy Inc reported income of $2.1m and spending of $1.3m, leaving 39% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.3m to $2.1m (-6.1%), an average of -1.6% a year. The sharpest change came in the year to June 2021, when income rose by 41%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, LTC Eddy Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Vincentian Child Development Center ($2.1m), National Museum of Forest Service History Inc ($2.1m) and The University Heights Center for ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% of the total. At year end it held assets of $28.3m against liabilities of $164k, net assets of $28.1m.