Lsu Health Sciences Foundation in Shreveport

Analysis

Lsu Health Sciences Foundation in Shreveport is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in June 1998, 28 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 June 2023, Lsu Health Sciences Foundation in Shreveport reported income of $19.4m and spending of $10.4m, leaving 47% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $15.4m to $19.4m (+26%), an average of +8.1% a year. The sharpest change came in the year to June 2021, when income rose by 250%. Over the whole period it spent 55% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lsu Health Sciences Foundation in Shreveport 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 The Community Foundation for the Csra ($19.4m), Kirkpatrick Family Affiliated Fund Ok City Community Foundation Inc ($19.4m) and Community Foundation of Northeast Alabama ($19.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% of the total. Compensation of current officers, directors and key employees was $350k (3.4% of expenses). Other salaries and wages came to $689k. At year end it held assets of $288.9m against liabilities of $91.0m, net assets of $197.8m. It reported 13 employees.