Loretto Community Athletic Association

Analysis

Loretto Community Athletic Association is a registered charity in United States, based in Loretto, MN. It received its IRS tax-exemption ruling in February 2002, 24 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Community Athletic Association reported income of $59k and spending of $70k, spending 120% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $34k to $59k (+72%), an average of +72% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 124% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Loretto Community Athletic Association sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 19th percentile within MN. Charities of a similar size with the same main cause include Junior Highlanders Track Club ($59k), Berkshire Sculling Association Inc ($59k) and Vermont Antique Automobile Society Inc ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 31% of the total. At year end it held assets of $119k against liabilities of $0, net assets of $119k.