Greater Lafayette Community Foundation

Analysis

Greater Lafayette Community Foundation is a registered charity in United States, based in Lafayette, IN. It received its IRS tax-exemption ruling in December 1972, 54 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Greater Lafayette Community Foundation reported income of $8.9m and spending of $4.4m, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.2m to $8.9m (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2021, when income rose by 108%. Over the whole period it spent 51% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Greater Lafayette Community Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IN. Charities of a similar size with the same main cause include The Crystal Charity Ball ($8.9m), The Findlay-Hancock County Community Foundation ($8.9m) and The Community Foundation of Louisville Corporate Depository in ($8.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $197k (4.4% of expenses). Other salaries and wages came to $372k. At year end it held assets of $91.7m against liabilities of $14.0m, net assets of $77.7m. It reported 8 employees.