St James Lutheran Foundation of Lafayette Inc

Analysis

St James Lutheran Foundation of Lafayette Inc is a registered charity in United States, based in Lafayette, IN. It received its IRS tax-exemption ruling in July 1970, 56 years ago. 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, St James Lutheran Foundation of Lafayette Inc reported income of $121k and spending of $80k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $56k to $121k (+115%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 360%. Over the whole period it spent 14% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St James Lutheran Foundation of Lafayette Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within IN. Charities of a similar size with the same main cause include Inland Empire Sponsoring Committee ($121k), Georgia Alliance of School Resource Officers and Educators Inc ($121k) and Berkley Steelers Football Teams Inc ($121k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.9% of the total. At year end it held assets of $2.7m against liabilities of $90k, net assets of $2.6m.