Loeb House Inc

Analysis

Loeb House Inc is a registered charity in United States, based in Pearl River, NY. It received its IRS tax-exemption ruling in April 1986, 40 years ago. 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, Loeb House Inc reported income of $6.8m and spending of $5.8m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.4m to $6.8m (+53%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Loeb House Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Lancaster General Health-Columbia Center ($6.8m), Udt-Seal Museum Association Inc ($6.8m) and Boy Scouts of America ($6.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $390k (6.7% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $6.6m against liabilities of $1.3m, net assets of $5.3m. It reported 94 employees.