Our Lady of the Lake Foundation

Analysis

Our Lady of the Lake Foundation is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in August 2018, 8 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 (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Our Lady of the Lake Foundation reported income of $8.0m and spending of $3.8m, leaving 52% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.8m to $8.0m (+2.4%), an average of +0.6% a year. The sharpest change came in the year to June 2020, when income rose by 132%. Over the whole period it spent 146% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Our Lady of the Lake Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within LA. Charities of a similar size with the same main cause include Alzheimers Care and Research Center Foundation ($8.0m), Southwest Louisiana Primary Health Care Center Inc ($8.0m) and Granville Health Inc ($8.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $377k (9.9% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $32.7m against liabilities of $1.6m, net assets of $31.1m. It reported 16 employees.