Loma Verde Foundation

Analysis

Loma Verde Foundation is a registered charity in United States, based in Novato, CA. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Loma Verde Foundation reported income of $150k and spending of $162k, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2024, income fell from $197k to $150k (-24%), an average of -6.6% a year. The sharpest change came in the year to June 2022, when income rose by 75%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Loma Verde Foundation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 49th percentile within CA. Charities of a similar size with the same main cause include Kaexcellence Scholars Inc ($150k), The Israel Bridge ($150k) and New Beginnings Preschool Inc ($150k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 13% and program service revenue 44% of the total. At year end it held assets of $162k against liabilities of $0, net assets of $162k.