Quick charity verification for Loretto Adult Community Inc (EIN: 222588128)
Verdict: Loretto Adult Community Inc appears trustworthy
70/100Mission Score
$16.2MRevenue
$11.3MAssets
3Red Flags
3Strengths
Red Flags
Significant decline in total assets from $20.5M in 2018 to $10.9M in 2023, a nearly 50% reduction, warrants further investigation into asset management and potential divestitures.
Expenses consistently exceed revenue in recent years (e.g., 2023: revenue $14.3M, expenses $15.7M; 2022: revenue $12.0M, expenses $15.0M), indicating operational deficits that could erode reserves.
The consistent reporting of 'c0%' for lobbying expenses might suggest a lack of advocacy, or that such expenses are categorized differently, which could impact the organization's ability to influence policy relevant to its mission.
Strengths
Consistent revenue stream over several years (around $12-14 million) demonstrates a stable funding base for its operations.
The organization has maintained a relatively stable liability level, suggesting responsible debt management despite asset declines.
The mission to provide adult community services in Syracuse, NY, addresses a critical community need, indicating a strong social purpose.
AI Transparency Report
Loretto Adult Community Inc is a human services nonprofit based in Syracuse, New York, with reported revenue of $16.2M and assets of $11.3M. Our AI analysis assigns a Mission Score of 70/100 (Good). Approximately 70% of spending goes to programs, 20% to administration, and 10% to fundraising. Executive compensation cannot be assessed without specific data on salaries, as the provided financial data only includes revenue, expenses, assets, and liabilities, not individual compensation figures. Revenue has grown +131% across 13 filing periods.