Southwest Louisiana Alliance Foundation Inc

Analysis

Southwest Louisiana Alliance Foundation Inc is a registered charity in United States, based in Lake Charles, LA. It received its IRS tax-exemption ruling in June 1985, 41 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 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, Southwest Louisiana Alliance Foundation Inc reported income of $1.4m and spending of $1.3m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.4m (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southwest Louisiana Alliance Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within LA. Charities of a similar size with the same main cause include Stafford County Economic Development Inc ($1.4m), Tamarlane Industries ($1.4m) and Carolinas-Virginia Minority Supplier Developoment Councils Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $65k (5.2% of expenses). Other salaries and wages came to $443k. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.