Lott Industries Inc

Analysis

Lott Industries Inc is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in March 2015, 11 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, Lott Industries Inc reported income of $5.0m and spending of $5.0m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.6m to $5.0m (-11%), an average of -2.9% a year. The sharpest change came in the year to December 2022, when income dropped by 22%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lott Industries Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within OH. Charities of a similar size with the same main cause include Children at Heart Ministries ($5.0m), Prospect Congregate Housing Inc ($5.0m) and All Hazards Consortium Inc ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.0% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $229k (4.6% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $9.4m against liabilities of $156k, net assets of $9.2m. It reported 258 employees.