Loyfa

Analysis

Loyfa is a registered charity in United States, based in Watson, LA. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Loyfa reported income of $94k and spending of $103k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $102k to $94k (-7.8%), an average of -7.8% a year. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Loyfa sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within LA. Charities of a similar size with the same main cause include PHHS Baseball Booster Club ($94k), Southwestern Illinois Jet Basketball Club ($94k) and Griffin Gun Club Inc ($94k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $80k against liabilities of $0, net assets of $80k.