Lafayette Urban Ministry Inc

Analysis

Lafayette Urban Ministry Inc is a registered charity in United States, based in Lafayette, IN. It received its IRS tax-exemption ruling in September 1978, 48 years ago. Its declared purposes cover human services, 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, Lafayette Urban Ministry Inc reported income of $1.4m and spending of $1.5m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.4m (+24%), an average of +5.4% a year. The sharpest change came in the year to December 2020, when income rose by 45%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lafayette Urban Ministry Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within IN. Charities of a similar size with the same main cause include Texas Future Farmers of America Foundation Inc ($1.4m), Smiles & Tears Childrens and Family Services ($1.4m) and Deaf Plus Adult Community Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $76k (5.1% of expenses). Other salaries and wages came to $695k. At year end it held assets of $4.2m against liabilities of $109k, net assets of $4.1m. It reported 76 employees.