LTQ Veteran Strong Inc

Analysis

LTQ Veteran Strong Inc is a registered charity in United States, based in MC Connellsbg, PA. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, LTQ Veteran Strong Inc reported income of $52k and spending of $54k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $65k to $52k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, LTQ Veteran Strong 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 20th percentile, and in the 19th percentile within PA. Charities of a similar size with the same main cause include Greater Menomonee Falls Foundation Trust ($52k), Eunice Zearing TR Fbo Board of Education Princeton High School ($52k) and Arie Foundation ($51k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $22k against liabilities of $0, net assets of $22k.