T Lafon Estate Trustees

Analysis

T Lafon Estate Trustees is a registered charity in United States, based in Metairie, LA. It received its IRS tax-exemption ruling in March 1971, 55 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 June 2023, T Lafon Estate Trustees reported income of $829k and spending of $380k, leaving 54% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $829k (-34%), an average of -10% a year. The sharpest change came in the year to June 2021, when income rose by 245%. Over the whole period it spent 53% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, T Lafon Estate Trustees sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within LA. Charities of a similar size with the same main cause include Center for Civic Values ($829k), Alameda Hospital Foundation ($829k) and Philanthropi Charitable ($829k).

Compensation of current officers, directors and key employees was $19k (5.1% of expenses). At year end it held assets of $8.8m against liabilities of $0, net assets of $8.8m.