Loomis Basin Education Foundation

Analysis

Loomis Basin Education Foundation is a registered charity in United States, based in Loomis, CA. It received its IRS tax-exemption ruling in November 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Loomis Basin Education Foundation reported income of $78k and spending of $64k, spending 82% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $30k to $78k (+158%), an average of +158% a year. The sharpest change came in the year to June 2023, when income rose by 158%. Over the whole period it spent 69% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Loomis Basin Education Foundation sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 33rd percentile within CA. Charities of a similar size with the same main cause include Red River Valley Honors Camp ($78k), Friends of the New York State Liberty Partnerships Inc ($78k) and Illinois Judges Association Foundation ($78k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 16% of the total. At year end it held assets of $195k against liabilities of $0, net assets of $195k.