L T C Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs
L T C Inc is a 501(c)(3) organization based in Muncie, Indiana, registered in 1987, with $195,122 in FY2024 revenue. CharityIndex grades it C+.
240 N Tillotson Ave, Muncie, IN, 47304 EIN 31-1190460 Since 1987
Revenue (FY2024)
$195K
▼ 0.1% vs prior year
Expenses (FY2024)
$187K
Net assets
$47K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for L T C Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
BFinancial health25% of the rating3 mo reserves · +4% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For L T C Inc: 3 mo reserves · +4% margin earns a B on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for L T C Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For L T C Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $148K (FY2009) to $195K (FY2024) across 13 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.1MNet assets $47K
Operating margin
4.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.1M
Total liabilities
$1.1M
Net assets
$47K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $195,122▼0.1% | $186,876▲0.9% | $46,506▲21.6% | $1,112,529▼1.2% | 990 |
| 2023 | $195,400▲4.4% | $185,139▼10.1% | $38,260▲36.6% | $1,125,693▼0.7% | 990 |
| 2022 | $187,120▲5.1% | $205,997▼21.5% | $27,999▼40.3% | $1,134,098▼7.0% | 990 |
| 2021 | $178,088▼0.1% | $262,582▲44.2% | $46,876▼64.3% | $1,219,040▼3.8% | 990 |
| 2020 | $178,195▲7.4% | $182,068▲3.4% | $131,370▼2.9% | $1,267,114▼2.1% | 990 |
| 2019 | $165,899▼1.5% | $176,149▲6.1% | $135,243▼7.0% | $1,294,360▼2.1% | 990 |
| 2018 | $168,385 | $166,015▲7.8% | $145,493▲1.7% | $1,322,445▼2.3% | 990 |
| 2017 | $168,399▲4.1% | $154,028▼3.7% | $143,123▲11.2% | $1,353,949▲1.1% | 990 |
| 2016 | $161,738▲0.1% | $160,013▲1.6% | $128,752▲1.4% | $1,339,163▲100% | 990 |
| 2015 | $161,606▼1.6% | $157,541▲1.7% | $127,027▲3.3% | $669,171▼1.9% | 990 |
| 2014 | $164,217▼1.3% | $154,948▲0.3% | $122,962▲8.2% | $682,090▲0.6% | 990 |
| 2013 | $166,386 | $154,559▲2.9% | $113,693▲12.8% | $677,983▼0.8% | 990 |
| 2012 | — | $150,173▲16.9% | $100,792▲6.8% | $683,678▼0.2% | 990 |
| 2011 | — | $128,464▼7.5% | $94,349▲48.0% | $684,864▲2.4% | 990 |
| 2010 | — | $138,874▲9.9% | $63,729▲26.0% | $668,508▲1.1% | 990 |
| 2009 | $148,162 | $126,327 | $50,594 | $661,553 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is L T C Inc a legitimate nonprofit?
- Yes. L T C Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 31-1190460, based in Muncie, Indiana. Donations are tax-deductible.
- What is L T C Inc's EIN?
- L T C Inc's Employer Identification Number (EIN) is 31-1190460.
- How much revenue does L T C Inc report?
- L T C Inc reported $195,122 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does L T C Inc have?
- CharityIndex grades L T C Inc C+, based on financial health (reserves and operating margin).
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Data for L T C Inc (EIN 31-1190460) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.