Loretto Lions Retirement Home II Inc

Analysis

Loretto Lions Retirement Home II Inc is a registered charity in United States, based in Pulaski, TN. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Loretto Lions Retirement Home II Inc reported income of $86k and spending of $116k, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $65k to $86k (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 133% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Loretto Lions Retirement Home II Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 32nd percentile within TN. Charities of a similar size with the same main cause include Neh Inc ($86k), McCalls Supportive Living Inc ($87k) and Douglasville Voa Housing Inc ($86k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 53% of the total. At year end it held assets of $832k against liabilities of $14k, net assets of $818k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.