Loretto Literary & Benevolent Institution
501(c)(3) Donations tax-deductible
Only null% goes to programs Growing revenue
Loretto Literary & Benevolent Institution is a 501(c)(3) organization based in Nerinx, Kentucky, registered in 1946, with $10,233,209 in FY2022 revenue. CharityIndex grades it C.
430 Academy Ln, Nerinx, KY, 40049 EIN 61-0492368 Since 1946
Revenue (FY2022)
$10.2M
▼ 6.1% vs prior year
Expenses (FY2022)
$10.3M
Net assets
$2.1M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Loretto Literary & Benevolent Institution— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
BFinancial health25% of the rating2 mo reserves · -1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Loretto Literary & Benevolent Institution: 2 mo reserves · -1% margin earns a B on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Loretto Literary & Benevolent Institution— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FTransparency10% of the rating0 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Loretto Literary & Benevolent Institution: 0 of 5 disclosure signals earns a F on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue held steady from $10.2M (FY2018) to $10.2M (FY2022) across 5 reported years.
Financial snapshot
Financial health & position (FY2022)
Liabilities $286KNet assets $2.1M
Operating margin
-1.1%
Spent more than it raised in the latest fiscal year.
Total assets
$2.3M
Total liabilities
$286K
Net assets
$2.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2022 | $10,233,209▼6.1% | $10,345,682▲4.2% | $2,052,140▼28.0% | $2,338,041▼37.2% | 990 |
| 2021 | $10,897,100▲35.3% | $9,926,368▲5.7% | $2,852,168▲52.1% | $3,723,243▼3.7% | 990 |
| 2020 | $8,055,886▼8.5% | $9,387,195▲3.9% | $1,875,069▼41.5% | $3,864,506▲6.6% | 990 |
| 2019 | $8,800,817▼14.0% | $9,031,390▲11.0% | $3,204,715▼7.8% | $3,624,144▼5.3% | 990 |
| 2018 | $10,228,073 | $8,137,652 | $3,477,007 | $3,825,445 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $53K total
5 grants to Loretto Literary & Benevolent Institution totaling $53K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $10,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $12,600 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $7,200 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $7,200 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $15,800 |
Frequently asked questions
- Is Loretto Literary & Benevolent Institution a legitimate nonprofit?
- Yes. Loretto Literary & Benevolent Institution is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 61-0492368, based in Nerinx, Kentucky. Donations are tax-deductible.
- What is Loretto Literary & Benevolent Institution's EIN?
- Loretto Literary & Benevolent Institution's Employer Identification Number (EIN) is 61-0492368.
- How much revenue does Loretto Literary & Benevolent Institution report?
- Loretto Literary & Benevolent Institution reported $10,233,209 in total revenue on its fiscal year 2022 IRS Form 990 filing.
- What financial grade does Loretto Literary & Benevolent Institution have?
- CharityIndex grades Loretto Literary & Benevolent Institution C, based on financial health (reserves and operating margin).
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Explore more
Data for Loretto Literary & Benevolent Institution (EIN 61-0492368) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.