Classic Mike Loyer Foundation Inc

Analysis

Classic Mike Loyer Foundation Inc is a registered charity in United States, based in Shelburne, VT. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Classic Mike Loyer Foundation Inc reported income of $190k and spending of $134k, leaving 29% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $166k to $190k (+14%), an average of +4.5% a year. Over the whole period it spent 66% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Classic Mike Loyer Foundation Inc 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 53rd percentile, and in the 44th percentile within VT. Charities of a similar size with the same main cause include Loft Community Partnership ($190k), Parkersburg Area Coalition for the Homeless Inc ($190k) and Fall Mountain Friendly Meals ($189k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% of the total. At year end it held assets of $501k against liabilities of $65k, net assets of $435k.