Lafayette Work Center Inc

Analysis

Lafayette Work Center Inc is a registered charity in United States, based in Manchester, MO. It received its IRS tax-exemption ruling in December 1975, 51 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 Work Center Inc reported income of $5.1m and spending of $4.2m, spending 82% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.9m to $5.1m (+30%), an average of +6.8% a year. The sharpest change came in the year to September 2021, when income rose by 41%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lafayette Work Center Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within MO. Charities of a similar size with the same main cause include Michigan State Afl-Cio Human Resources Development Inc ($5.1m), Bay Area Workforce Development Board Inc ($5.1m) and Well Community Development Corporation ($5.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $234k (5.6% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $10.7m against liabilities of $1.9m, net assets of $8.8m. It reported 253 employees.