Lafayette Square Area Coalition Inc

Analysis

Lafayette Square Area Coalition Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in February 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Lafayette Square Area Coalition Inc reported income of $649k and spending of $565k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $664k to $649k (-2.3%), an average of -0.6% a year. The sharpest change came in the year to December 2021, when income rose by 172%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lafayette Square Area Coalition Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within IN. Charities of a similar size with the same main cause include Can-Do Kalamazoo ($649k), The M I S S Incorporated of the Treasure Coast ($649k) and Fuquay Varina Emergency Food Pantry ($649k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 118% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $105k (19% of expenses). Other salaries and wages came to $101k. At year end it held assets of $1.6m against liabilities of $585k, net assets of $997k. It reported 7 employees.