Loloma Foundation

Analysis

Loloma Foundation is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in November 2003, 23 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Loloma Foundation reported income of $574k and spending of $624k, spending 109% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $715k to $574k (-20%), an average of -7.1% a year. The sharpest change came in the year to December 2022, when income dropped by 44%. Over the whole period it spent 97% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Loloma Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Hope for Kajiado Corporation ($574k), The Borgen Project ($574k) and City of Joy International ($573k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $165k against liabilities of $0, net assets of $165k.