St Ritas of Lafayette Inc

Analysis

St Ritas of Lafayette Inc is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in February 1994, 32 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2024, St Ritas of Lafayette Inc reported income of $189k and spending of $234k, spending 124% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $140k to $189k (+35%), an average of +7.9% a year. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, St Ritas of Lafayette 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 52nd percentile, and in the 51st percentile within LA. Charities of a similar size with the same main cause include Cloverdale Community Housing Inc ($189k), Greater Lake City Community Development Corporation Inc ($189k) and Apostolic Temple Village Association Inc ($189k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 64% and program service revenue 36% of the total. Other salaries and wages came to $18k. At year end it held assets of $505k against liabilities of $22k, net assets of $483k.