Leadership Lafayette Inc

Analysis

Leadership Lafayette Inc is a registered charity in United States, based in Lafayette, IN. It received its IRS tax-exemption ruling in October 1983, 43 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Leadership Lafayette Inc reported income of $202k and spending of $197k, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $200k to $202k (+1.0%), an average of +0.3% a year. The sharpest change came in the year to June 2022, when income rose by 38%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Leadership Lafayette Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 53rd percentile within IN. Charities of a similar size with the same main cause include Hammonton Revitalization Corporation ($202k), South Side Thrive Collaborative ($202k) and Downtown Gadsden Inc ($202k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $90k (46% of expenses). Other salaries and wages came to $11k. At year end it held assets of $841k against liabilities of $1,504, net assets of $840k. It reported 5 employees.