Loretto Child Care Center Inc

Analysis

Loretto Child Care Center Inc is a registered charity in United States, based in Loretto, KY. It received its IRS tax-exemption ruling in October 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Loretto Child Care Center Inc reported income of $537k and spending of $458k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $212k to $537k (+154%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 81%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Loretto Child Care Center Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within KY. Charities of a similar size with the same main cause include Isaiah House Inc ($537k), Integro Foundation Inc ($537k) and Heart Gallery of Tampa Inc ($537k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. Other salaries and wages came to $271k. At year end it held assets of $314k against liabilities of $9,853, net assets of $304k.