Lafayette Choral Boosters Inc

Analysis

Lafayette Choral Boosters Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in January 1998, 28 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 July 2024, Lafayette Choral Boosters Inc reported income of $71k and spending of $64k, spending 89% of its income. Across the 3 years on record, from July 2022 to July 2024, income grew from $60k to $71k (+18%), an average of +8.5% a year. The sharpest change came in the year to July 2023, when income rose by 77%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lafayette Choral Boosters Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within KY. Charities of a similar size with the same main cause include De Pere Voyageur Booster Club Inc ($71k), St Columbkille Shepherds Inc ($71k) and Glendale Police Officers Foundation ($71k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 44% and program service revenue 40% of the total. At year end it held assets of $72k against liabilities of $0, net assets of $72k.