Loretto Literary & Benevolent Institution
EIN: 610492368 · Nerinx, KY
| Metric | Value |
|---|---|
| Total Revenue | $10.2M |
| Total Expenses | $10.3M |
| Net Assets | $2.1M |
Is Loretto Literary & Benevolent Institution Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Loretto Literary & Benevolent Institution
Loretto Literary & Benevolent Institution (EIN: 610492368) is a nonprofit organization based in Nerinx, KY. The organization reported total revenue of $10.2M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Loretto Literary & Benevolent Institution's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Loretto Literary & Benevolent Institution is a large nonprofit that has been operating for 80 years, with 10 years of IRS 990 filings on record (2013–2022). Revenue has grown at a compound annual rate of 7.1%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.2M |
| Total Expenses | $10.3M |
| Surplus / Deficit | $-112,473 |
| Total Assets | $2.3M |
| Total Liabilities | $286K |
| Net Assets | $2.1M |
| Operating Margin | -1.1% |
| Debt-to-Asset Ratio | 12.2% |
| Months of Reserves | 2.7 months |
Financial Health Grade: C
In 2022, Loretto Literary & Benevolent Institution reported a deficit of $112K with expenses exceeding revenue, holds 2.7 months of operating reserves (limited), has a debt-to-asset ratio of 12.2% (very low leverage).
Financial Trends
Over 10 years of filings (2013–2022), Loretto Literary & Benevolent Institution's revenue has grown at a compound annual growth rate (CAGR) of 7.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -6.1% | +4.2% | -37.2% |
| 2021 | +35.3% | +5.7% | -3.7% |
| 2020 | -8.5% | +3.9% | +6.6% |
| 2019 | -14.0% | +11.0% | -5.3% |
| 2018 | +61.9% | +27.4% | +133.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 1946 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Loretto Literary & Benevolent Institution has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Loretto Literary & Benevolent Institution with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $112K, with expenses exceeding revenue.
- Debt-to-asset ratio: 12.2%.
Frequently Asked Questions about Loretto Literary & Benevolent Institution
Is Loretto Literary & Benevolent Institution a legitimate charity?
Loretto Literary & Benevolent Institution (EIN: 610492368) is a registered tax-exempt nonprofit based in Kentucky. It has 10 years of IRS 990 filings on record. Total revenue: $10.2M. No red flags identified. Financial health grade: C.
How does Loretto Literary & Benevolent Institution spend its money?
Loretto Literary & Benevolent Institution reported $10.2M in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Loretto Literary & Benevolent Institution tax-deductible?
Loretto Literary & Benevolent Institution is registered as a tax-exempt nonprofit (EIN: 610492368). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Loretto Literary & Benevolent Institution located?
Loretto Literary & Benevolent Institution is headquartered in Nerinx, Kentucky and files with the IRS under EIN 610492368.
How many years of IRS 990 filings does Loretto Literary & Benevolent Institution have?
Loretto Literary & Benevolent Institution has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $10.2M in total revenue.
Filing History
IRS 990 filing history for Loretto Literary & Benevolent Institution showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2013–2022), Loretto Literary & Benevolent Institution's revenue has grown by 84.6%, moving from $5.5M to $10.2M. Total assets increased by 58.1% over the same period, from $1.5M to $2.3M. Total functional expenses rose by 88.7%, from $5.5M to $10.3M. In its most recent filing year (2022), Loretto Literary & Benevolent Institution reported a deficit of $112K, with expenses exceeding revenue. The organization holds $286K in liabilities against $2.3M in assets (debt-to-asset ratio: 12.2%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $10.2M | $10.3M | $2.3M | $286K | — | View 990 |
| 2021 | $10.9M | $9.9M | $3.7M | $871K | — | View 990 |
| 2020 | $8.1M | $9.4M | $3.9M | $2.0M | — | — |
| 2019 | $8.8M | $9.0M | $3.6M | $419K | — | View 990 |
| 2018 | $10.2M | $8.1M | $3.8M | $348K | — | View 990 |
| 2017 | $6.3M | $6.4M | $1.6M | $368K | — | View 990 |
| 2016 | $6.3M | $6.3M | $1.6M | $292K | — | View 990 |
| 2015 | $5.9M | $5.8M | $1.5M | $268K | — | View 990 |
| 2014 | $5.8M | $5.6M | $1.6M | $321K | — | View 990 |
| 2013 | $5.5M | $5.5M | $1.5M | $293K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $10.2M, expenses of $10.3M, and assets of $2.3M (revenue -6.1% year-over-year).
- 2021: Revenue of $10.9M, expenses of $9.9M, and assets of $3.7M (revenue +35.3% year-over-year).
- 2020: Revenue of $8.1M, expenses of $9.4M, and assets of $3.9M (revenue -8.5% year-over-year).
- 2019: Revenue of $8.8M, expenses of $9.0M, and assets of $3.6M (revenue -14.0% year-over-year).
- 2018: Revenue of $10.2M, expenses of $8.1M, and assets of $3.8M (revenue +61.9% year-over-year).
- 2017: Revenue of $6.3M, expenses of $6.4M, and assets of $1.6M (revenue +0.4% year-over-year).
- 2016: Revenue of $6.3M, expenses of $6.3M, and assets of $1.6M (revenue +7.1% year-over-year).
- 2015: Revenue of $5.9M, expenses of $5.8M, and assets of $1.5M (revenue +1.9% year-over-year).
- 2014: Revenue of $5.8M, expenses of $5.6M, and assets of $1.6M (revenue +4.0% year-over-year).
- 2013: Revenue of $5.5M, expenses of $5.5M, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Loretto Literary & Benevolent Institution:
Data Sources and Methodology
This transparency report for Loretto Literary & Benevolent Institution is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.