Loretto Rest Realty Corporation

Analysis

Loretto Rest Realty Corporation is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in November 1971, 55 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Loretto Rest Realty Corporation reported income of $1.4m and spending of $1.3m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.4m (-15%), an average of -3.8% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Loretto Rest Realty Corporation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Auxiliary of the Infant Welfare Society of Chicago ($1.4m), Concordia Tele Caregivers ($1.4m) and Newark Resident Homes Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $20.2m against liabilities of $20.5m, net assets of -$290k. It reported 1,916 employees.