Closed Loop Foundation

Analysis

Closed Loop Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Closed Loop Foundation reported income of $152k and spending of $151k, spending 99% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $350k to $152k (-57%), an average of -24% a year. The sharpest change came in the year to December 2020, when income rose by 115%. Over the whole period it spent 89% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Closed Loop Foundation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include Pennsylvania Chapter of the American Chestnut Foundation ($152k), North Carolina Tree Farm Program ($152k) and Bee Girl ($152k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $306k against liabilities of $0, net assets of $306k.