Greater Lafayette Family Shelter Inc

Analysis

Greater Lafayette Family Shelter Inc is a registered charity in United States, based in Lafayette, IN. It received its IRS tax-exemption ruling in September 2012, 14 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 Family Shelter Inc reported income of $197k and spending of $250k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $236k to $197k (-16%), an average of -4.4% a year. The sharpest change came in the year to December 2020, when income rose by 57%. Over the whole period it spent 119% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Greater Lafayette Family Shelter Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within IN. Charities of a similar size with the same main cause include Samaritans of Pauls Valley ($197k), Volunteers for a I M Thrift Shop Inc ($197k) and Society of Arab American Neighborhood Development ($197k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $38k (15% of expenses). Other salaries and wages came to $71k. At year end it held assets of $200k against liabilities of $1,263, net assets of $199k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.