Learning Loft Foundation Inc

Analysis

Learning Loft Foundation Inc is a registered charity in United States, based in New Hyde Park, NY. It received its IRS tax-exemption ruling in November 2019, 7 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, Learning Loft Foundation Inc reported income of $959k and spending of $1.1m, spending 113% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $591k to $959k (+62%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 53%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Learning Loft Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Remnant Academy ($959k), Beach Park School Incorporated ($959k) and Friends of Teach for Armenia Incorporated ($958k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 4.4% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $286k (26% of expenses). Other salaries and wages came to $450k. At year end it held assets of $104k against liabilities of $557k, net assets of -$453k. It reported 25 employees.