Loras College

Analysis

Loras College is a registered charity in United States, based in Dubuque, IA. It received its IRS tax-exemption ruling in September 1939, 87 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Loras College reported income of $67.4m and spending of $65.9m, spending 98% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $71.0m to $67.4m (-5.1%), an average of -1.3% a year. The sharpest change came in the year to May 2022, when income rose by 16%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Loras College sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IA. Charities of a similar size with the same main cause include Oakwood University Inc ($67.3m), Washington County Mental Health Services Inc ($67.4m) and West Virginia Health Care Cooperative Inc ($67.2m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 22% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $1.2m (1.8% of expenses). Other salaries and wages came to $17.4m. At year end it held assets of $114.8m against liabilities of $62.1m, net assets of $52.6m. It reported 1,052 employees.