Loomis Housing Corporation

Analysis

Loomis Housing Corporation is a registered charity in United States, based in South Hadley, MA. It received its IRS tax-exemption ruling in February 1988, 38 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Loomis Housing Corporation reported income of $20.2m and spending of $17.8m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $15.4m to $20.2m (+31%), an average of +7.0% a year. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Loomis Housing Corporation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include Meth-Wick Community ($20.2m), Gulf Coast Housing Partnership Inc ($20.2m) and Stoneridge Retirement Living ($20.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $531k (3.0% of expenses). Other salaries and wages came to $6.1m. At year end it held assets of $108.2m against liabilities of $101.4m, net assets of $6.8m. It reported 307 employees.