Loop Coding Center
40 Pearl Street Northwest
Grand Rapids, Michigan, United States
Address
City: Grand Rapids
Neighborhood: Downtown
State: Michigan
Postal Code: 49503
Country: United States
Business facts
Estimated annual revenue~$362.4K
Estimated employees~7
In business since2017-02
Estimate based on moderate signals
Contacts
Non-Profit Organization Management
Area statistics (49503)
Population37,471
Median household income$58,165
Source: US Census ACS
About
Loop Coding Center, founded in 2017 by Angel, Jose, and Luis, aims to address the diversity and gender gap in the tech industry by providing coding workshops and boot camps for underrepresented middle and high-school age students. The center was inspired by Luis's experience as a minority in his computer programming class and seeks to improve opportunities for students from diverse backgrounds in the technology field.
Market analysis
Earning below its category median in a growing category (Non-Profit Organization).
EstimateCategory trend: 2024, +8.1%
Revenue trend (modeled)
~$291.0K2019
~$246.0K2020
~$266.9K2021
~$298.7K2022
~$317.3K2023
~$362.4K2024
Modeled from official industry statistics+4.5%/yr since 201980% confidence band: ±42%
Property
Lot size0.55 acres
Land use201
CountyKent
Parcel ownerCITY OF GRAND RAPIDS
ObservedPublic assessor / cadastre record
Category context
| Businesses | Total revenue | Mean | Median | Median rating | vs median | |
|---|---|---|---|---|---|---|
| Non-Profit Organization in Michigan | 5,137 | ~$6.4B | ~$1.3M | ~$474.3K | 4.7★ | 0.8× |
Category revenue trend2024: +8.1%2023: +11.6%2022: +16.5%2021: +6.3%Modeled from business-level estimates
Chain pressure61 chains expanding in this category, led by White Oaks, Eureka House, Veteran Affairs (+436 locations since 2016)
Revenue trajectory vs benchmarks (indexed, 2019 = 100)
Estimate
Immediate area (1 km)
| Businesses | Total revenue | Mean | Median | Jobs | Estimated wage bill | vs median | |
|---|---|---|---|---|---|---|---|
| 1 km area (all businesses) | 3,458 | ~$10.3B | ~$3.0M | ~$1.6M | 29,040 | ~$4.6B | 0.2× |
| Other service activities | 110 | ~$136.0M | ~$1.2M | — | 705 | — | — |
| Education | 66 | ~$88.3M | ~$1.3M | — | 638 | — | — |
1 km area (all businesses): median from the 2,783 of 3,458 businesses with estimates
Estimate
Area conditions (49503)
Population37,471 ±1,775
Median household income$58,165 ±$3,932
Median home value$204,000
Bachelor's degree or higher0.4%
Unemployment rate0.1%
Source: US Census ACS