St Martin Iberia Lafayette Parishes Community Action Agency

Analysis

St Martin Iberia Lafayette Parishes Community Action Agency is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in May 1969, 57 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a governmental unit under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, St Martin Iberia Lafayette Parishes Community Action Agency reported income of $16.6m and spending of $16.8m, spending 102% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $4.7m to $16.6m (+251%), an average of +37% a year. The sharpest change came in the year to May 2021, when income rose by 97%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, St Martin Iberia Lafayette Parishes Community Action Agency sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within LA. Charities of a similar size with the same main cause include Pennreach ($16.5m), Delaware Opportunities Inc ($16.6m) and The Center of Workforce Innovations Inc ($16.5m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $158k (0.9% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $1.7m against liabilities of $681k, net assets of $1.0m. It reported 51 employees.