Loft School of Marion Inc

Analysis

Loft School of Marion Inc is a registered charity in United States, based in Marion, MA. It received its IRS tax-exemption ruling in September 1967, 59 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Loft School of Marion Inc reported income of $223k and spending of $181k, spending 81% of its income. Across the 3 years on record, from June 2022 to June 2024, income fell from $237k to $223k (-5.7%), an average of -2.9% a year. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Loft School of Marion Inc sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within MA. Charities of a similar size with the same main cause include Apple Farm Community Inc ($223k), Wythe County Historical Society ($223k) and Evergreen Land Trust Association ($223k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 22% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $41k (23% of expenses). Other salaries and wages came to $70k. At year end it held assets of $378k against liabilities of $25k, net assets of $353k. It reported 7 employees.