Loex

Analysis

Loex is a registered charity in United States, based in Ypsilanti, MI. It received its IRS tax-exemption ruling in September 2013, 13 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 2023, Loex reported income of $159k and spending of $172k, spending 108% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $142k to $159k (+13%), an average of +12% a year. Over the whole period it spent 116% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Loex sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 48th percentile within MI. Charities of a similar size with the same main cause include Tuskegee Airmen Scholarship Foundation ($159k), Apci Foundation for Education & Research Inc ($159k) and Southeastern Association of Law Schools Inc ($159k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 5.6% and program service revenue 59% of the total. At year end it held assets of $205k against liabilities of $0, net assets of $205k.