Ragin Cajun Facilities Inc

Analysis

Ragin Cajun Facilities Inc is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in June 2004, 22 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 2023, Ragin Cajun Facilities Inc reported income of $22.4m and spending of $23.9m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.9m to $22.4m (+18%), an average of +4.3% a year. The sharpest change came in the year to June 2020, when income rose by 22%. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ragin Cajun Facilities Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within LA. Charities of a similar size with the same main cause include LTSC Community Development Corporation ($22.3m), Hookston Senior Homes Inc ($22.4m) and Dogwood Housing Inc ($22.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 71% of the total. At year end it held assets of $255.8m against liabilities of $246.5m, net assets of $9.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.