Lapointe - Krebs Foundation Inc

Analysis

Lapointe - Krebs Foundation Inc is a registered charity in United States, based in Pascagoula, MS. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Lapointe - Krebs Foundation Inc reported income of $83k and spending of $93k, spending 112% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $239k to $83k (-65%), an average of -23% a year. The sharpest change came in the year to September 2020, when income dropped by 74%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lapointe - Krebs Foundation Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 33rd percentile within MS. Charities of a similar size with the same main cause include Lebanon County Community Concert Assoc ($83k), Mima Music ($83k) and Cultural Corner Art Guild and Gallery ($83k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 89% of the total. Other salaries and wages came to $33k. At year end it held assets of $216k against liabilities of $6,149, net assets of $210k. It reported 7 employees.