Loretto Health and Rehabilitation Center

Analysis

Loretto Health and Rehabilitation Center is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Loretto Health and Rehabilitation Center reported income of $70.1m and spending of $78.8m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $71.3m to $70.1m (-1.7%), an average of -0.4% a year. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Loretto Health and Rehabilitation Center sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Lifestream Behavioral Center Inc ($70.1m), American Eagle Lifecare Corporation ($70.2m) and Eastern Maine Healthcare Systems ($70.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. At year end it held assets of $30.3m against liabilities of $44.0m, net assets of -$13.7m. It reported 1,030 employees.