Lasallian Educational and Research Initiatives

Analysis

Lasallian Educational and Research Initiatives is a registered charity in United States, based in Winona, MN. It received its IRS tax-exemption ruling in March 1946, 80 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, Lasallian Educational and Research Initiatives reported income of $6.1m and spending of $5.7m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.4m to $6.1m (-4.8%), an average of -1.2% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lasallian Educational and Research Initiatives sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MN. Charities of a similar size with the same main cause include Michigan Nonprofit Association ($6.1m), Artspace Inc ($6.1m) and St Anthonys Hospice Inc ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% of the total. Compensation of current officers, directors and key employees was $1.2m (20% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $28.6m against liabilities of $1.1m, net assets of $27.5m. It reported 51 employees.