Loyola-Notre Dame Library Inc

Analysis

Loyola-Notre Dame Library Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in June 1968, 58 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Loyola-Notre Dame Library Inc reported income of $4.2m and spending of $5.4m, spending 127% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.2m to $4.2m (-19%), an average of -5.2% a year. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Loyola-Notre Dame Library Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MD. Charities of a similar size with the same main cause include Arlington Heights Nursery School Inc ($4.2m), Ilead Agua Dulce ($4.2m) and Toledo Electrical Joint Apprenticeship & Training Trust Fu ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $150k (2.8% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $16.1m against liabilities of $183k, net assets of $15.9m. It reported 42 employees.

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.