LCTCS Foundation

Analysis

LCTCS Foundation is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in December 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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, LCTCS Foundation reported income of $1.8m and spending of $1.9m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $890k to $1.8m (+99%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 177%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, LCTCS Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within LA. Charities of a similar size with the same main cause include Pathways Academy Adult Education ($1.8m), Smart Academy ($1.8m) and Lock Haven University Student Auxiliary Services Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $4.0m against liabilities of $627k, net assets of $3.4m.