Lafayette Charter Foundation Inc

Analysis

Lafayette Charter Foundation Inc is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lafayette Charter Foundation Inc reported income of $43.7m and spending of $43.4m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.3m to $43.7m (+127%), an average of +23% a year. The sharpest change came in the year to June 2021, when income rose by 33%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lafayette Charter Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within LA. Charities of a similar size with the same main cause include Academir Charter Schools Inc ($43.7m), Family Life Academy Charter School ($43.8m) and Rockford University ($43.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.8% of the total. Other salaries and wages came to $15.2m. At year end it held assets of $75.3m against liabilities of $80.7m, net assets of -$5.4m.