Lafourche Home for the Aged & Infirm Inc

Analysis

Lafourche Home for the Aged & Infirm Inc is a registered charity in United States, based in Thibodaux, LA. It received its IRS tax-exemption ruling in November 1959, 67 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 December 2023, Lafourche Home for the Aged & Infirm Inc reported income of $6.6m and spending of $6.6m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.0m to $6.6m (+10%), an average of +2.5% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lafourche Home for the Aged & Infirm Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within LA. Charities of a similar size with the same main cause include Boys and Girls Club of Hawaii ($6.6m), Wilshire Health and Community Services Inc ($6.6m) and Springmont School Inc ($6.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $136k (2.1% of expenses). At year end it held assets of $9.1m against liabilities of $170k, net assets of $8.9m. It reported 137 employees.

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.