Loretto Management Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 17,025,261 | 18,175,065 | −1,149,804 | -0.3 | 55% |
| 2011 | 17,081,352 | 19,063,969 | −1,982,617 | 0.8 | 45% |
| 2012 | 21,866,409 | 22,182,895 | −316,486 | 13.8 | 43% |
| 2013 | 19,149,865 | 19,776,074 | −626,209 | 27.4 | 44% |
| 2014 | 22,325,598 | 22,212,998 | 112,600 | 33.1 | 42% |
| 2015 | 22,617,246 | 22,910,601 | −293,355 | 31.6 | 45% |
| 2016 | 22,620,170 | 23,331,433 | −711,263 | 32.0 | 45% |
| 2017 | 24,441,904 | 23,794,028 | 647,876 | 33.2 | 48% |
| 2018 | 26,356,831 | 25,850,006 | 506,825 | 26.3 | 46% |
| 2019 | 27,392,118 | 25,949,501 | 1,442,617 | 21.7 | 48% |
| 2020 | 27,327,092 | 26,773,390 | 553,702 | 18.3 | 0% |
| 2021 | 24,402,179 | 25,232,697 | −830,518 | 21.2 | 50% |
| 2022 | 26,904,550 | 28,010,824 | −1,106,274 | 13.1 | 50% |
| 2023 | 28,478,654 | 29,984,221 | −1,505,567 | 5.2 | 50% |
In its most recent public year (2023), this organization spent $1,505,567 more than it brought in. Its reserves stood at about 5.2 months of spending, up from -0.3 in 2010. Staff pay was 50% of spending. $14,223,867 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
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