The Lofte Association Inc

Analysis

The Lofte Association Inc is a registered charity in United States, based in Manley, NE. It received its IRS tax-exemption ruling in October 1981, 45 years ago. 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, The Lofte Association Inc reported income of $392k and spending of $353k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $331k to $392k (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Lofte Association Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NE. Charities of a similar size with the same main cause include National Church Residences of ($392k), Port Washington Parent Resource Center ($392k) and Community Action for Capable Youth of Mansfield Ohio Inc ($392k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 50% of the total. Other salaries and wages came to $77k. It paid $1,140 in professional fundraising fees. At year end it held assets of $2.0m against liabilities of $1.4m, net assets of $593k. It reported 3 employees.