Loisaida Inc

Analysis

Loisaida Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in October 1982, 44 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Loisaida Inc reported income of $1.2m and spending of $871k, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $720k to $1.2m (+73%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 132%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Loisaida Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Canterbury Childrens Center Canterbury School ($1.2m), North West Montana Veterans Stand Down ($1.2m) and Kansas Action for Children Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $216k. At year end it held assets of $1.9m against liabilities of $999k, net assets of $904k. It reported 5 employees.