Loretto Lions Retirement Home Inc

Analysis

Loretto Lions Retirement Home Inc is a registered charity in United States, based in Pulaski, TN. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Lions Retirement Home Inc reported income of $137k and spending of $167k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $153k to $137k (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2020, when income dropped by 22%. Over the whole period it spent 115% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Loretto Lions Retirement Home Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within TN. Charities of a similar size with the same main cause include A & E Association Inc ($137k), Maison de Monde ($137k) and Essex Community Land Trust Inc ($137k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 58% of the total. At year end it held assets of $664k against liabilities of $19k, net assets of $646k.

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.