Loretto Living Center at Loretto Motherhouse Inc

Analysis

Loretto Living Center at Loretto Motherhouse Inc is a registered charity in United States, based in Nerinx, KY. It received its IRS tax-exemption ruling in April 2023, 3 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Loretto Living Center at Loretto Motherhouse Inc reported income of $9.4m and spending of $7.5m, leaving 21% of income unspent that year. Over the whole period it spent 79% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Loretto Living Center at Loretto Motherhouse Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within KY. Charities of a similar size with the same main cause include Community Ambulance Service ($9.4m), Legacy Medical Care Inc ($9.5m) and Moravian Care Housing Corporation ($9.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. Other salaries and wages came to $4.9m. At year end it held assets of $2.9m against liabilities of $462k, net assets of $2.4m. It reported 187 employees.