Lectica Inc

Analysis

Lectica Inc is a registered charity in United States, based in Northampton, MA. It received its IRS tax-exemption ruling in September 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Lectica Inc reported income of $177k and spending of $163k, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $265k to $177k (-33%), an average of -13% a year. The sharpest change came in the year to June 2021, when income dropped by 25%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lectica Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within MA. Charities of a similar size with the same main cause include University of Richmond Alumni Association Inc ($177k), Association for Reformed Protestant Education Northwest Indiana ($177k) and Corinth Education Foundation ($176k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 90% of the total. Other salaries and wages came to $53k. At year end it held assets of $62k against liabilities of $116k, net assets of -$54k. It reported 2 employees.