Loho

Analysis

Loho is a registered charity in United States, based in Lopez Island, WA. It received its IRS tax-exemption ruling in January 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Loho reported income of $947k and spending of $957k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $667k to $947k (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Loho sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within WA. Charities of a similar size with the same main cause include Fair Housing Center of Southwest Michigan ($947k), Alverno Apartments Inc ($948k) and Have Faith Haiti Mission Support Trust ($947k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $145k (15% of expenses). Other salaries and wages came to $291k. At year end it held assets of $3.9m against liabilities of $2.1m, net assets of $1.8m. It reported 15 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.