Reverend Robert J Loftus Endowment and Scholarship Fund

Analysis

Reverend Robert J Loftus Endowment and Scholarship Fund is a registered charity in United States, based in Mt Prospect, IL. It received its IRS tax-exemption ruling in January 2021, 5 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, Reverend Robert J Loftus Endowment and Scholarship Fund reported income of $68k and spending of $35k, leaving 49% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $36k to $68k (+90%), an average of +14% a year. The sharpest change came in the year to December 2019, when income rose by 171%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Reverend Robert J Loftus Endowment and Scholarship Fund sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within IL. Charities of a similar size with the same main cause include Literacy Council of Kingsport Inc ($68k), Flute Society of Washington Inc ($68k) and Music From the Western Reserve ($68k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.