Loyadham Charities

Analysis

Loyadham Charities is a registered charity in United States, based in Raritan, NJ. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Loyadham Charities reported income of $164k and spending of $50k, leaving 69% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $30k to $164k (+441%), an average of +441% a year. The sharpest change came in the year to December 2023, when income rose by 441%. Over the whole period it spent 38% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Loyadham Charities sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 57th percentile within NJ. Charities of a similar size with the same main cause include Washington Area Inter-Group Assn Inc ($164k), Iglesia Cristiana Refugio Inc ($164k) and Little League Baseball Inc ($164k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $120k against liabilities of $0, net assets of $120k.