Lafayette Community Council Inc

Analysis

Lafayette Community Council Inc is a registered charity in United States, based in Lafayette, NY. It received its IRS tax-exemption ruling in May 2000, 26 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Lafayette Community Council Inc reported income of $51k and spending of $37k, leaving 29% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $44k to $51k (+17%), an average of +4.0% a year. The sharpest change came in the year to July 2022, when income rose by 47%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lafayette Community Council Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within NY. Charities of a similar size with the same main cause include Burleigh Street Community Development Corporation Inc ($51k), Uniondale Neighborhood Center ($51k) and Stockton Blvd Community Development Corporation ($51k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. At year end it held assets of $71k against liabilities of $0, net assets of $71k.