Loomis Senior Living Inc

Analysis

Loomis Senior Living Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in August 1997, 29 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Loomis Senior Living Inc reported income of $12.8m and spending of $13.3m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.5m to $12.8m (+11%), an average of +2.6% a year. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Loomis Senior Living Inc 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 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Digitalc ($12.8m), Valley Vision Inc ($12.8m) and Southwest Florida Workforce Development Board Inc ($12.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 96% of the total. Other salaries and wages came to $5.2m. At year end it held assets of $25.6m against liabilities of $29.7m, net assets of -$4.1m. It reported 212 employees.