Louisiana Real Estate Foundation

Analysis

Louisiana Real Estate Foundation is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Louisiana Real Estate Foundation reported income of $288k and spending of $780k, spending 271% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $730k to $288k (-61%), an average of -21% a year. The sharpest change came in the year to December 2020, when income dropped by 55%. Over the whole period it spent 201% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Louisiana Real Estate Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within LA. Charities of a similar size with the same main cause include Development Workshop Foundation Inc ($288k), Friends of the Childrens Justice Center of Oahu ($288k) and Pape-Dawson Engineers Charitable Foundation ($288k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $21.3m against liabilities of $2.0m, net assets of $19.3m.

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.