Loft US

Analysis

Loft US is a registered charity in United States, based in El Segundo, CA. It received its IRS tax-exemption ruling in July 2017, 9 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 December 2023, Loft US reported income of $362k and spending of $313k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $247k to $362k (+47%), an average of +47% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Loft US 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 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Brandon Valley Band Parents Inc ($362k), Chafer Theological Seminary ($362k) and The Scholarship Association of Falmouth Inc ($362k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. Other salaries and wages came to $106k. At year end it held assets of $153k against liabilities of $550, net assets of $152k. It reported 5 employees.