Foundation for Louisiana Students

Analysis

Foundation for Louisiana Students is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in February 2012, 14 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, Foundation for Louisiana Students reported income of $46.3m and spending of $40.3m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $30.4m to $46.3m (+52%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation for Louisiana Students 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 99th percentile, and in the 99th percentile within LA. Charities of a similar size with the same main cause include Granite Mountain Charter School ($46.3m), Youth Guidance ($46.3m) and Nightingale-Bamford School ($46.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $174k (0.4% of expenses). Other salaries and wages came to $21.3m. At year end it held assets of $39.2m against liabilities of $3.4m, net assets of $35.8m. It reported 341 employees.