Lasalle Foundation

Analysis

Lasalle Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 1988, 38 years ago. 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 December 2023, Lasalle Foundation reported income of $851k and spending of $1.1m, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $851k (-59%), an average of -20% a year. The sharpest change came in the year to December 2020, when income dropped by 56%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lasalle Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within IL. Charities of a similar size with the same main cause include California Council on Problem Gambling ($851k), Boy Scouts of America ($851k) and Catholic Charities of Terre Haute ($851k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 96% of the total. Other salaries and wages came to $310k. At year end it held assets of $4.7m against liabilities of $843k, net assets of $3.9m. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.