Ltc Eddy Inc
Ltc Eddy Inc: Consistent Revenue, Stable Assets, and Strong Program Focus
EIN: 222564710 · Troy, NY · Updated: 2026-04-04
Is Ltc Eddy Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ltc Eddy Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ltc Eddy Inc
Ltc Eddy Inc (EIN: 222564710) is a nonprofit organization based in Troy, NY. The organization reported total revenue of $2.3M and total assets of $28.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ltc Eddy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ltc Eddy Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Ltc Eddy Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Without specific compensation figures for executives in the provided data, a detailed assessment of executive compensation is not possible.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Ltc Eddy Inc:
- Consistent revenue generation, averaging over $2 million annually.
- Strong asset base, indicating financial stability and capacity.
- Low liability figures relative to assets, suggesting good financial health.
- No reported fundraising costs ('c0%') in the provided data, which is highly efficient if accurate.
Frequently Asked Questions about Ltc Eddy Inc
Is Ltc Eddy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ltc Eddy Inc (EIN: 222564710) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Ltc Eddy Inc spend its money?
Ltc Eddy Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ltc Eddy Inc tax-deductible?
Ltc Eddy Inc is registered as a tax-exempt nonprofit (EIN: 222564710). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Ltc Eddy Inc do?
Ltc Eddy Inc is a nonprofit organization in the Unknown sector, located in Troy, New York. It is classified under NTEE code Unknown.
How much revenue does Ltc Eddy Inc have?
Ltc Eddy Inc reported total revenue of $2,301,907. Based on 13 IRS 990 filings on record.
What are Ltc Eddy Inc's total assets?
Ltc Eddy Inc holds total assets of $28,328,875 as reported in IRS 990 filings.
Where is Ltc Eddy Inc located?
Ltc Eddy Inc is based in Troy, New York.
What is Ltc Eddy Inc's EIN?
Ltc Eddy Inc's Employer Identification Number (EIN) is 222564710. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Ltc Eddy Inc?
Ltc Eddy Inc is classified under NTEE code Unknown (Unknown).
Is Ltc Eddy Inc a registered 501(c)(3)?
Ltc Eddy Inc appears in IRS records (EIN: 222564710). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Ltc Eddy Inc file IRS Form 990?
Yes, Ltc Eddy Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Ltc Eddy Inc's revenue in 2023?
In the 202306 filing period, Ltc Eddy Inc reported total revenue of $2,119,723, total expenses of $1,299,619, and net assets of $28,259,839.
Is Ltc Eddy Inc's revenue growing or declining?
Ltc Eddy Inc's revenue is declining. Revenue went from $2,424,551 (202206) to $2,119,723 (202306), a -12.6% change. Based on 13 filings on record.
What is Ltc Eddy Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Ltc Eddy Inc covers tax period 202306. It shows revenue of $2,119,723, expenses of $1,299,619, total assets of $28,259,839, and liabilities of $163,914.
How much does Ltc Eddy Inc spend on programs vs administration?
Based on IRS 990 analysis, Ltc Eddy Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Ltc Eddy Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Ltc Eddy Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Ltc Eddy Inc's strengths?
Positive indicators for Ltc Eddy Inc include: Consistent revenue generation, averaging over $2 million annually.. Strong asset base, indicating financial stability and capacity.. Low liability figures relative to assets, suggesting good financial health.. No reported fundraising costs ('c0%') in the provided data, which is highly efficient if accurate.. These findings are derived from AI analysis of the organization's financial filings.
How does Ltc Eddy Inc compensate executives?
Without specific compensation figures for executives in the provided data, a detailed assessment of executive compensation is not possible. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'c0%' for fundraising costs across all years, how does Ltc Eddy Inc manage to raise over $2 million annually without reported fundraising expenses?
The 'c0%' for fundraising costs in the provided data is unusual for an organization with over $2 million in annual revenue. This could indicate that fundraising expenses are either absorbed into administrative costs, handled by volunteers, or not explicitly categorized as such in the summarized data. Further investigation into their detailed financial statements would be needed to understand this efficiency.
Filing History
IRS 990 filing history for Ltc Eddy Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ltc Eddy Inc's revenue has grown by 19.5%, moving from $1.8M to $2.1M. Total assets increased by 21.9% over the same period, from $23.2M to $28.3M. Total functional expenses rose by 36.1%, from $955K to $1.3M. In its most recent filing year (2023), Ltc Eddy Inc reported a surplus of $820K, with revenue exceeding expenses. The organization holds $164K in liabilities against $28.3M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $28.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $1.3M | $28.3M | $164K | — | View 990 |
| 2022 | $2.4M | $1.4M | $29.8M | $85K | — | View 990 |
| 2021 | $2.6M | $1.2M | $31.3M | $142K | — | — |
| 2020 | $1.9M | $1.4M | $29.0M | $152K | — | View 990 |
| 2019 | $2.3M | $1.3M | $28.5M | $148K | — | View 990 |
| 2018 | $2.1M | $858K | $27.6M | $370K | — | View 990 |
| 2017 | $2.0M | $713K | $26.2M | $363K | — | — |
| 2016 | $1.9M | $1.1M | $24.8M | $90K | — | View 990 |
| 2015 | $1.9M | $1.2M | $24.1M | $163K | — | View 990 |
| 2014 | $2.2M | $864K | $23.3M | $3K | — | View 990 |
| 2013 | $1.0M | $272K | $22.5M | $3K | — | View 990 |
| 2012 | $2.0M | $928K | $21.9M | $50K | — | View 990 |
| 2011 | $1.8M | $955K | $23.2M | $1.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $1.3M, and assets of $28.3M (revenue -12.6% year-over-year).
- 2022: Revenue of $2.4M, expenses of $1.4M, and assets of $29.8M (revenue -7.1% year-over-year).
- 2021: Revenue of $2.6M, expenses of $1.2M, and assets of $31.3M (revenue +40.9% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.4M, and assets of $29.0M (revenue -18.0% year-over-year).
- 2019: Revenue of $2.3M, expenses of $1.3M, and assets of $28.5M (revenue +9.3% year-over-year).
- 2018: Revenue of $2.1M, expenses of $858K, and assets of $27.6M (revenue +4.4% year-over-year).
- 2017: Revenue of $2.0M, expenses of $713K, and assets of $26.2M (revenue +2.2% year-over-year).
- 2016: Revenue of $1.9M, expenses of $1.1M, and assets of $24.8M (revenue +0.4% year-over-year).
- 2015: Revenue of $1.9M, expenses of $1.2M, and assets of $24.1M (revenue -10.5% year-over-year).
- 2014: Revenue of $2.2M, expenses of $864K, and assets of $23.3M (revenue +110.7% year-over-year).
- 2013: Revenue of $1.0M, expenses of $272K, and assets of $22.5M (revenue -48.4% year-over-year).
- 2012: Revenue of $2.0M, expenses of $928K, and assets of $21.9M (revenue +11.6% year-over-year).
- 2011: Revenue of $1.8M, expenses of $955K, and assets of $23.2M.
Data Sources and Methodology
This transparency report for Ltc Eddy Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.