Lafayeette Public Library Foundation

Analysis

Lafayeette Public Library Foundation is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in November 1993, 33 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Lafayeette Public Library Foundation reported income of $84k and spending of $49k, leaving 42% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income grew from $36k to $84k (+132%), an average of +23% a year. The sharpest change came in the year to March 2023, when income rose by 126%. Over the whole period it spent 154% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lafayeette Public Library Foundation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within LA. Charities of a similar size with the same main cause include Stanley Clemans Fund Uw Melvin G Sperry ($84k), Louis D Srybnik Foundation Inc ($84k) and Kidsclothes Inc ($84k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 20% and program service revenue 13% of the total. At year end it held assets of $807k against liabilities of $0, net assets of $807k.