Crestmont Loft

Analysis

Crestmont Loft is a registered charity in United States, based in Bakersfield, CA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 May 2023, Crestmont Loft reported income of $1.3m and spending of $1.3m, spending 99% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $826k to $1.3m (+62%), an average of +13% a year. The sharpest change came in the year to May 2021, when income rose by 54%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Crestmont Loft sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Burning Limb Foundation ($1.3m), Northeast Florida Area Health ($1.3m) and Western Pacific Re-Hab ($1.3m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $219k (17% of expenses). Other salaries and wages came to $676k. At year end it held assets of $365k against liabilities of $68k, net assets of $297k. It reported 32 employees.