Loaa Foundation

Analysis

Loaa Foundation is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Loaa Foundation reported income of $200k and spending of $162k, spending 81% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $236k to $200k (-15%), an average of -7.9% a year. The sharpest change came in the year to December 2022, when income dropped by 19%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Loaa Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include Brownsville Society for the Performing Arts ($200k), Narrative Alchemy ($200k) and Indigenous Language Institute ($200k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 24% of the total. At year end it held assets of $99k against liabilities of $0, net assets of $99k.