Lafayette Health Ventures Inc

Analysis

Lafayette Health Ventures Inc is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lafayette Health Ventures Inc reported income of $55.0m and spending of $103.5m, spending 188% of what it took in. Across the 6 years on record, from September 2019 to December 2023, income grew from $37.1m to $55.0m (+48%), an average of +8.2% a year. The sharpest change came in the year to December 2021, when income rose by 296%. Over the whole period it spent 174% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lafayette Health Ventures 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 99th percentile, and in the 99th percentile within LA. Charities of a similar size with the same main cause include Memorial Medical Center Livingston ($55.0m), Hallmark Health Medical Associates Inc ($55.1m) and Pekin Memorial Hospital ($55.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $76.8m. At year end it held assets of $19.2m against liabilities of $185.6m, net assets of -$166.4m.

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.