The Loughlin Foundation

Analysis

The Loughlin Foundation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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, The Loughlin Foundation reported income of $268k and spending of $413k, spending 154% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $674k to $268k (-60%), an average of -21% a year. The sharpest change came in the year to December 2021, when income rose by 159%. Over the whole period it spent 59% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Loughlin Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include American Tamil Academy Inc ($268k), New Life with Education ($268k) and Qa Commons Inc ($268k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% of the total. At year end it held assets of $5.5m against liabilities of $9,275, net assets of $5.5m.