Loretto Geriatric Community

Analysis

Loretto Geriatric Community is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in June 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Loretto Geriatric Community reported income of $2.4m and spending of $2.0m, spending 82% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.4m (+70%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Loretto Geriatric Community sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Amigos de Jesus ($2.4m), San Felipe Supported Living Inc ($2.4m) and Pauls Place Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 80% of the total. Other salaries and wages came to $983k. At year end it held assets of $725k against liabilities of $428k, net assets of $297k.