LTC

Analysis

LTC is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, LTC reported income of $139k and spending of $125k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $131k to $139k (+5.9%), an average of +5.9% a year. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, LTC sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within TN. Charities of a similar size with the same main cause include Bridges of Change ($139k), Beloved Haven Inc ($139k) and Gods Homeless Haven Inc ($138k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $162k against liabilities of $0, net assets of $162k.