Loom International

Analysis

Loom International is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in November 2010, 16 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 June 2024, Loom International reported income of $163k and spending of $130k, leaving 21% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $193k to $163k (-15%), an average of -4.0% a year. The sharpest change came in the year to June 2021, when income dropped by 17%. Over the whole period it spent 124% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Loom International sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within OR. Charities of a similar size with the same main cause include Project House of Hope ($163k), Cofa Creating Opportunities for All ($164k) and Outreach for Nazareth Orphanage ($163k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $33k (25% of expenses). Other salaries and wages came to $8,784. At year end it held assets of $86k against liabilities of $0, net assets of $86k. It reported 1 employees.