Lafayette Square Inc

Analysis

Lafayette Square Inc is a registered charity in United States, based in Macomb, IL. It received its IRS tax-exemption ruling in July 1981, 45 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Square Inc reported income of $1.3m and spending of $1.2m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.3m (+9.7%), an average of +2.3% a year. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lafayette Square Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within IL. Charities of a similar size with the same main cause include Summit Hyperbarics and Wellness Inc ($1.3m), Community Health Initiative of Orange County ($1.3m) and Online Journalism Project Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $263k. At year end it held assets of $1.3m against liabilities of $3.3m, net assets of -$2.0m. It reported 4 employees.