Loom International
EIN: 272924621 · Portland, OR · NTEE: Q33
| Metric | Value |
|---|---|
| Total Revenue | $186K |
| Total Expenses | $130K |
| Net Assets | $86K |
Is Loom International Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Loom International
Loom International (EIN: 272924621) is a nonprofit organization based in Portland, OR, classified under NTEE code Q33. The organization reported total revenue of $186K and total assets of $148K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Loom International's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Loom International is a small nonprofit that has been operating for 16 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 13.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $163K |
| Total Expenses | $130K |
| Surplus / Deficit | +$34K |
| Total Assets | $86K |
| Net Assets | $86K |
| Operating Margin | 20.7% |
| Months of Reserves | 8.0 months |
Financial Health Grade: A
In 2024, Loom International reported a surplus of $34K with revenue exceeding expenses, holds 8.0 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Loom International's revenue has grown at a compound annual growth rate (CAGR) of 13.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -5.3% | -33.9% | +64.4% |
| 2023 | -5.7% | -17.7% | -30.9% |
| 2022 | +14.5% | -6.5% | -42.2% |
| 2021 | -17.1% | -2.6% | -42.0% |
| 2020 | -58.1% | +19.3% | -23.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Loom International has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Loom International with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $34K, with revenue exceeding expenses.
Frequently Asked Questions about Loom International
Is Loom International a legitimate charity?
Loom International (EIN: 272924621) is a registered tax-exempt nonprofit based in Oregon. It has 14 years of IRS 990 filings on record. Total revenue: $186K. No red flags identified. Financial health grade: A.
How does Loom International spend its money?
Loom International reported $186K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Loom International tax-deductible?
Loom International is registered as a tax-exempt nonprofit (EIN: 272924621). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Loom International located?
Loom International is headquartered in Portland, Oregon and files with the IRS under EIN 272924621. It is classified under NTEE code Q33.
How many years of IRS 990 filings does Loom International have?
Loom International has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $186K in total revenue.
Filing History
IRS 990 filing history for Loom International showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Loom International's revenue has grown by 418.1%, moving from $32K to $163K. Total assets increased by 918.5% over the same period, from $8K to $86K. Total functional expenses rose by 397.2%, from $26K to $130K. In its most recent filing year (2024), Loom International reported a surplus of $34K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $163K | $130K | $86K | $0 | — | — |
| 2023 | $173K | $196K | $52K | $0 | — | View 990 |
| 2022 | $183K | $238K | $76K | $0 | — | View 990 |
| 2021 | $160K | $255K | $131K | $0 | — | — |
| 2020 | $193K | $262K | $226K | $0 | — | View 990 |
| 2019 | $460K | $219K | $295K | $0 | — | View 990 |
| 2018 | $191K | $198K | $54K | $359 | — | View 990 |
| 2017 | $257K | $261K | $61K | $636 | — | View 990 |
| 2016 | $205K | $192K | $66K | $791 | — | View 990 |
| 2015 | $49K | $49K | $75K | $24K | — | View 990 |
| 2014 | $74K | $36K | $55K | $4K | — | View 990 |
| 2013 | $29K | $33K | $17K | $3K | — | View 990 |
| 2012 | $42K | $29K | $21K | $2K | — | View 990 |
| 2011 | $32K | $26K | $8K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $163K, expenses of $130K, and assets of $86K (revenue -5.3% year-over-year).
- 2023: Revenue of $173K, expenses of $196K, and assets of $52K (revenue -5.7% year-over-year).
- 2022: Revenue of $183K, expenses of $238K, and assets of $76K (revenue +14.5% year-over-year).
- 2021: Revenue of $160K, expenses of $255K, and assets of $131K (revenue -17.1% year-over-year).
- 2020: Revenue of $193K, expenses of $262K, and assets of $226K (revenue -58.1% year-over-year).
- 2019: Revenue of $460K, expenses of $219K, and assets of $295K (revenue +140.8% year-over-year).
- 2018: Revenue of $191K, expenses of $198K, and assets of $54K (revenue -25.7% year-over-year).
- 2017: Revenue of $257K, expenses of $261K, and assets of $61K (revenue +25.3% year-over-year).
- 2016: Revenue of $205K, expenses of $192K, and assets of $66K (revenue +318.2% year-over-year).
- 2015: Revenue of $49K, expenses of $49K, and assets of $75K (revenue -33.2% year-over-year).
- 2014: Revenue of $74K, expenses of $36K, and assets of $55K (revenue +153.7% year-over-year).
- 2013: Revenue of $29K, expenses of $33K, and assets of $17K (revenue -31.4% year-over-year).
- 2012: Revenue of $42K, expenses of $29K, and assets of $21K (revenue +33.9% year-over-year).
- 2011: Revenue of $32K, expenses of $26K, and assets of $8K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Loom International:
Data Sources and Methodology
This transparency report for Loom International is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.