Loft Ministries

Analysis

Loft Ministries is a registered charity in United States, based in Susquehanna, PA. It received its IRS tax-exemption ruling in November 2006, 20 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, Loft Ministries reported income of $106k and spending of $102k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $93k to $106k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2022, when income rose by 42%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Loft Ministries sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 36th percentile within PA. Charities of a similar size with the same main cause include Sierra Commons ($106k), Jubilee Project Inc ($106k) and Urbandale Community Action Network Inc ($106k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 55% of the total. At year end it held assets of $668k against liabilities of $91k, net assets of $576k.