The Lay Centre at Foyer Unitas Institute

Analysis

The Lay Centre at Foyer Unitas Institute is a registered charity in United States, based in Italy. It received its IRS tax-exemption ruling in April 1993, 33 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending July 2023, The Lay Centre at Foyer Unitas Institute reported income of $655k and spending of $702k, spending 107% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $848k to $655k (-23%), an average of -6.2% a year. The sharpest change came in the year to July 2022, when income dropped by 17%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Lay Centre at Foyer Unitas Institute sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile. Charities of a similar size with the same main cause include Jefferson Community College Foundation Inc ($655k), International Papillomavirus Society Inc ($655k) and Florence-Darlington Technical College Foundation Inc ($655k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $72k (10% of expenses). Other salaries and wages came to $148k. At year end it held assets of $272k against liabilities of $302k, net assets of -$30k. It reported 1 employees.