LT C-Ii Inc

Analysis

LT C-Ii Inc is a registered charity in United States, based in Muncie, IN. It received its IRS tax-exemption ruling in December 1992, 34 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, LT C-Ii Inc reported income of $90k and spending of $178k, spending 198% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $101k to $90k (-11%), an average of -3.8% a year. Over the whole period it spent 138% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, LT C-Ii Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within IN. Charities of a similar size with the same main cause include Southwest Florida Gwi Housing Xiii Inc ($90k), Loretto Properties Corporation ($90k) and Clover Manor Inc ($90k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $28k. At year end it held assets of $313k against liabilities of $876k, net assets of -$563k.

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.