Lafayette College

Analysis

Lafayette College is a registered charity in United States, based in Easton, PA. It received its IRS tax-exemption ruling in December 1942, 84 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lafayette College reported income of $259.0m and spending of $258.4m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $234.7m to $259.0m (+10%), an average of +2.5% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lafayette College sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within PA. Charities of a similar size with the same main cause include University of Georgia Foundation ($257.7m), Drake University ($259.1m) and University of Scranton ($257.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $6.6m (2.6% of expenses). Other salaries and wages came to $73.6m. It paid $245k in professional fundraising fees. At year end it held assets of $1.65bn against liabilities of $376.1m, net assets of $1.27bn. It reported 2,439 employees.