LCTCS Facilities Corporation

Analysis

LCTCS Facilities Corporation is a registered charity in United States, based in Metairie, LA. It received its IRS tax-exemption ruling in August 2008, 18 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 December 2023, LCTCS Facilities Corporation reported income of $35.9m and spending of $22.7m, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $27.2m to $35.9m (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, LCTCS Facilities Corporation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within LA. Charities of a similar size with the same main cause include G Squared Foundation Inc ($35.9m), Uatx ($35.9m) and The Accelerated Schools ($35.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.5% and program service revenue 86% of the total. At year end it held assets of $419.3m against liabilities of $309.9m, net assets of $109.4m.