United Methodist Foundation of LA

Analysis

United Methodist Foundation of LA is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in June 2022, 4 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, United Methodist Foundation of LA reported income of $5.8m and spending of $4.5m, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $6.1m to $5.8m (-5.0%), an average of -5.0% a year. Over the whole period it spent 83% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, United Methodist Foundation of LA sits at the 94th percentile: it is larger than about 94% 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 Rodel Charitable Foundation de ($5.8m), United Way of Treasure Valley Inc ($5.8m) and Midwest Housing Development Fund Inc ($5.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $340k (7.5% of expenses). Other salaries and wages came to $347k. At year end it held assets of $48.5m against liabilities of $2.4m, net assets of $46.1m. It reported 8 employees.