Lafayette Parks Foundation Inc

Analysis

Lafayette Parks Foundation Inc is a registered charity in United States, based in Lafayette, IN. It received its IRS tax-exemption ruling in April 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Parks Foundation Inc reported income of $563k and spending of $299k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $791k to $563k (-29%), an average of -8.2% a year. The sharpest change came in the year to December 2022, when income rose by 60%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lafayette Parks Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within IN. Charities of a similar size with the same main cause include St Joseph Missions ($562k), Boone County Community Foundation ($563k) and Dan Pastorini Charity ($562k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% of the total. At year end it held assets of $5.1m against liabilities of $890, net assets of $5.1m.