Loomis Institute

Analysis

Loomis Institute is a registered charity in United States, based in Windsor, CT. It received its IRS tax-exemption ruling in April 1938, 88 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Loomis Institute reported income of $80.7m and spending of $71.8m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $59.1m to $80.7m (+36%), an average of +8.1% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Loomis Institute sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CT. Charities of a similar size with the same main cause include 50can Inc ($80.6m), Mount Saint Mary College ($80.8m) and Emory & Henry University ($80.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $1.6m (2.3% of expenses). Other salaries and wages came to $20.5m. At year end it held assets of $456.1m against liabilities of $86.3m, net assets of $369.8m. It reported 468 employees.