Lorin Station Inc

Analysis

Lorin Station Inc is a registered charity in United States, based in Richmond, CA. It received its IRS tax-exemption ruling in November 1992, 34 years ago. 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 December 2023, Lorin Station Inc reported income of $176k and spending of $276k, spending 156% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $153k to $176k (+16%), an average of +3.7% a year. Over the whole period it spent 168% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lorin Station Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Smoky Bears Quarterback Inc ($176k), Choral Arts Collective Inc ($176k) and Skills Development Inc ($176k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 77% of the total. Other salaries and wages came to $22k. At year end it held assets of $994k against liabilities of $3.5m, net assets of -$2.5m.

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.