Loft Artists Association Inc

Analysis

Loft Artists Association Inc is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in April 1987, 39 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, Loft Artists Association Inc reported income of $150k and spending of $148k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $127k to $150k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Loft Artists Association Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within CT. Charities of a similar size with the same main cause include Infectious Disease Association of California Inc ($150k), Harrison Township Volunteer Fire Company Inc ($150k) and California Federation of Womens Clubs ($150k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 14% of the total. At year end it held assets of $63k against liabilities of $0, net assets of $63k.