LTP Foundation Inc

Analysis

LTP Foundation Inc is a registered charity in United States, based in Hewlett, NY. It received its IRS tax-exemption ruling in September 2020, 6 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, LTP Foundation Inc reported income of $287k and spending of $156k, leaving 46% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $249k to $287k (+15%), an average of +4.8% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 50% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, LTP Foundation Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Care Net Pregnancy Center Ofnorthern New York ($287k), Beacon of Hope Inc ($287k) and Light House Ministries Inc ($287k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $564k against liabilities of $0, net assets of $564k.