Lomi School Foundation

Analysis

Lomi School Foundation is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in October 1978, 48 years ago. 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, Lomi School Foundation reported income of $457k and spending of $678k, spending 148% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $612k to $457k (-25%), an average of -7.0% a year. The sharpest change came in the year to December 2022, when income dropped by 57%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lomi School Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Episcopal Management Corporation for St Marks Terrace Inc ($457k), Mennonite Camp Association of Oregon Inc ($457k) and Three Rangers Foundation ($457k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $74k (11% of expenses). Other salaries and wages came to $362k. At year end it held assets of $132k against liabilities of $0, net assets of $132k. It reported 49 employees.