Loretto Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 477,581 | 662,474 | −184,893 | 11.0 | 30% |
| 2012 | 347,167 | 265,261 | 81,906 | 31.3 | 1% |
| 2013 | 437,603 | 362,548 | 75,055 | 34.9 | 0% |
| 2014 | 477,540 | 267,297 | 210,243 | 65.3 | 0% |
| 2015 | 679,613 | 571,171 | 108,442 | 35.6 | 0% |
| 2016 | 648,866 | 513,451 | 135,415 | 42.7 | 0% |
| 2017 | 1,797,110 | 468,915 | 1,328,195 | 81.2 | 0% |
| 2018 | 2,314,994 | 1,185,108 | 1,129,886 | 43.5 | 0% |
| 2019 | 663,570 | 1,417,314 | −753,744 | 30.4 | 6% |
| 2021 | 1,087,635 | 1,734,760 | −647,125 | 16.0 | 4% |
| 2022 | 594,873 | 797,454 | −202,581 | 30.1 | 0% |
| 2023 | 558,263 | 808,446 | −250,183 | 26.7 | 0% |
In its most recent public year (2023), this organization spent $250,183 more than it brought in. Its reserves stood at about 26.7 months of spending, up from 11 in 2011. Staff pay was 0% of spending. $494,380 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Loretto Foundation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works