Loretto Literary & Benevolent Institution
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 5,542,688 | 5,481,960 | 60,728 | 2.6 | 64% |
| 2014 | 5,762,202 | 5,551,109 | 211,093 | 2.7 | 64% |
| 2015 | 5,873,008 | 5,751,171 | 121,837 | 2.5 | 65% |
| 2016 | 6,289,269 | 6,270,022 | 19,247 | 2.4 | 66% |
| 2017 | 6,316,274 | 6,387,413 | −71,139 | 2.4 | 66% |
| 2018 | 10,228,073 | 8,137,652 | 2,090,421 | 5.1 | 61% |
| 2019 | 8,800,817 | 9,031,390 | −230,573 | 4.3 | 62% |
| 2020 | 8,055,886 | 9,387,195 | −1,331,309 | 2.4 | 61% |
| 2021 | 10,897,100 | 9,926,368 | 970,732 | 3.4 | 60% |
| 2022 | 10,233,209 | 10,345,682 | −112,473 | 2.4 | 60% |
In its most recent public year (2022), this organization spent $112,473 more than it brought in. Its reserves stood at about 2.4 months of spending. Staff pay was 60% of spending. $1,052,651 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 2022. 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 Literary & Benevolent Institution's IRS filings as a feed — one entry per filing year, through 2022. 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