Lafontaine Center Inc

Analysis

Lafontaine Center Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in May 1982, 44 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 May 2023, Lafontaine Center Inc reported income of $642k and spending of $535k, spending 83% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $577k to $642k (+11%), an average of +3.6% a year. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lafontaine Center Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Weston Community Housing Inc ($642k), Ahepa 250-Iii Inc ($643k) and Pomperaug Senior Housing Inc ($642k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 73% and program service revenue 25% of the total. At year end it held assets of $1.6m against liabilities of $1.4m, net assets of $167k.