Monsignor Lafferty Tuition Foundation

Analysis

Monsignor Lafferty Tuition Foundation is a registered charity in United States, based in Sioux City, IA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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, Monsignor Lafferty Tuition Foundation reported income of $2.5m and spending of $3.5m, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.8m to $2.5m (-12%), an average of -3.0% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Monsignor Lafferty Tuition Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within IA. Charities of a similar size with the same main cause include Benton County Developmental Services Incorporated ($2.5m), Ozark Outdoor Foundation ($2.5m) and The Shepherds Table Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $2.6m against liabilities of $1,826, net assets of $2.6m.