Lafayette Band Association

Analysis

Lafayette Band Association is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in August 1990, 36 years ago. 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 May 2023, Lafayette Band Association reported income of $523k and spending of $553k, spending 106% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $379k to $523k (+38%), an average of +8.4% a year. The sharpest change came in the year to May 2022, when income rose by 158%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lafayette Band Association sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within KY. Charities of a similar size with the same main cause include Wfca Radio Inc ($523k), The Art Fund of Birmingham Inc ($523k) and Concho Valley Home for Girls Inc ($523k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 49% and program service revenue 22% of the total. At year end it held assets of $151k against liabilities of $7,516, net assets of $144k.