Litt Inc

Analysis

Litt Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 August 2023, Litt Inc reported income of $58k and spending of $62k, spending 106% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income fell from $206k to $58k (-72%), an average of -72% a year. The sharpest change came in the year to August 2023, when income dropped by 72%. Over the whole period it spent 87% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Litt Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 30th percentile within NJ. Charities of a similar size with the same main cause include St Albans Football Association Inc ($58k), Jajjas Kids Inc ($58k) and Christian Orphan Fund Inc ($58k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $54k against liabilities of $2,500, net assets of $52k.