Loyola Press

Analysis

Loyola Press is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 September 2023, Loyola Press reported income of $20.5m and spending of $18.0m, spending 88% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $16.3m to $20.5m (+26%), an average of +5.9% a year. The sharpest change came in the year to September 2021, when income rose by 44%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Loyola Press sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include Fenn School Inc ($20.5m), YMCA of Central Ky ($20.5m) and Aspirus at Home Inc ($20.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 13% and program service revenue 4.3% of the total. Compensation of current officers, directors and key employees was $1.2m (6.4% of expenses). Other salaries and wages came to $7.1m. At year end it held assets of $33.0m against liabilities of $6.5m, net assets of $26.5m. It reported 96 employees.