Lafayette County Enterprises Inc

Analysis

Lafayette County Enterprises Inc is a registered charity in United States, based in Higginsville, MO. It received its IRS tax-exemption ruling in May 1975, 51 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, Lafayette County Enterprises Inc reported income of $844k and spending of $828k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $592k to $844k (+43%), an average of +9.3% a year. The sharpest change came in the year to December 2021, when income rose by 51%. 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, Lafayette County Enterprises Inc 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 75th percentile within MO. Charities of a similar size with the same main cause include Bates Technical College Foundation ($844k), Henry Clay Memorial Foundation ($844k) and Washington Heritage University ($844k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 66% of the total. Other salaries and wages came to $508k. At year end it held assets of $666k against liabilities of $56k, net assets of $609k. It reported 54 employees.