Lamar University Foundation Inc

Analysis

Lamar University Foundation Inc is a registered charity in United States, based in Beaumont, TX. It received its IRS tax-exemption ruling in May 1973, 53 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Lamar University Foundation Inc reported income of $9.2m and spending of $5.6m, leaving 39% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $8.6m to $9.2m (+7.2%), an average of +1.8% a year. The sharpest change came in the year to August 2020, when income rose by 47%. Over the whole period it spent 56% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lamar University Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Redding School of the Arts ($9.2m), Cristo Rey Richmond High School Inc ($9.2m) and Alternative Schools Inc ($9.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 50% of the total. At year end it held assets of $128.3m against liabilities of $1.5m, net assets of $126.7m.