L T C Inc

Analysis

L T C Inc is a registered charity in United States, based in Muncie, IN. It received its IRS tax-exemption ruling in January 1987, 39 years ago. 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, L T C Inc reported income of $187k and spending of $206k, spending 110% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $166k to $187k (+13%), an average of +4.1% a year. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, L T C Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within IN. Charities of a similar size with the same main cause include Shakespeare Globe Centre - USA Inc ($187k), Rocky Mountain District Kiwanis Foundation Inc ($187k) and Genius 100 Foundation US ($187k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $26k. At year end it held assets of $1.1m against liabilities of $1.1m, net assets of $28k.

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.