Lafayette Library and Learningcenter Foundation

Analysis

Lafayette Library and Learningcenter Foundation is a registered charity in United States, based in Lafayette, CA. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Lafayette Library and Learningcenter Foundation reported income of $3.0m and spending of $1.8m, leaving 39% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $3.0m (+40%), an average of +8.9% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lafayette Library and Learningcenter Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Beacon Hill Classical Academy Inc ($3.0m), Rockingham County Partnership for Children Inc ($3.0m) and Pee Dee Math Science and Technology Academy ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 5.1% of the total. Compensation of current officers, directors and key employees was $163k (8.9% of expenses). Other salaries and wages came to $167k. At year end it held assets of $27.1m against liabilities of $1.4m, net assets of $25.8m. It reported 6 employees.