Mount Aloysius Corp

Analysis

Mount Aloysius Corp is a registered charity in United States, based in New Lexington, OH. It received its IRS tax-exemption ruling in September 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Mount Aloysius Corp reported income of $11.5m and spending of $11.4m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.7m to $11.5m (+32%), an average of +7.1% a year. The sharpest change came in the year to December 2020, when income rose by 28%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mount Aloysius Corp sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include Kids in Distress Inc ($11.5m), Beech Acres Parenting Center ($11.5m) and Community Action Partnership of Central Illinois Inc ($11.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $320k (2.8% of expenses). Other salaries and wages came to $6.0m. At year end it held assets of $15.8m against liabilities of $729k, net assets of $15.1m. It reported 248 employees.