Lafayette Industries North Inc

Analysis

Lafayette Industries North Inc is a registered charity in United States, based in Manchester, MO. It received its IRS tax-exemption ruling in October 1983, 43 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 September 2023, Lafayette Industries North Inc reported income of $3.0m and spending of $2.9m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.3m to $3.0m (+30%), an average of +6.7% a year. The sharpest change came in the year to September 2021, when income rose by 42%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lafayette Industries North Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within MO. Charities of a similar size with the same main cause include Handi Shop Industries Inc ($3.0m), Generation US ($3.0m) and Family-Centered Educational Agency Inc ($3.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $234k (8.0% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $6.2m against liabilities of $6.5m, net assets of -$339k. It reported 177 employees.