Lokaa Foundation

Analysis

Lokaa Foundation is a registered charity in United States, based in Studio City, CA. It received its IRS tax-exemption ruling in May 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Lokaa Foundation reported income of $182k and spending of $433k, spending 238% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $55k to $182k (+230%), an average of +35% a year. The sharpest change came in the year to December 2020, when income rose by 327%. Over the whole period it spent 108% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lokaa Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include His Healing Light Ministries ($182k), Pure Encouragement Inc ($182k) and Christian Television Network of Houston Inc ($182k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $74k against liabilities of $0, net assets of $74k.