Lourdes Foundation Inc

Analysis

Lourdes Foundation Inc is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in May 1974, 52 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lourdes Foundation Inc reported income of $898k and spending of $487k, leaving 46% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.0m to $898k (-12%), an average of -4.1% a year. The sharpest change came in the year to June 2022, when income rose by 74%. Over the whole period it spent 38% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lourdes Foundation Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MN. Charities of a similar size with the same main cause include Digital Collegium ($898k), Andrew Gomez Dream Foundation ($898k) and Astoria High School Scholarships Inc ($898k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $10.4m against liabilities of $27k, net assets of $10.3m.