Lafayette Central Park Inc

Analysis

Lafayette Central Park Inc is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in August 2013, 13 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Lafayette Central Park Inc reported income of $3.7m and spending of $2.8m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.4m to $3.7m (+9.3%), an average of +2.2% a year. The sharpest change came in the year to December 2022, when income rose by 162%. Over the whole period it spent 55% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lafayette Central Park 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 90th percentile, and in the 90th percentile within LA. Charities of a similar size with the same main cause include Utah Avalanche Girls Soccer Club Foundation ($3.7m), Matpac Wrestling Club Inc ($3.7m) and Pro Kids Golf Academy Inc ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $135k (4.8% of expenses). Other salaries and wages came to $973k. At year end it held assets of $21.8m against liabilities of $693k, net assets of $21.1m. It reported 47 employees.