Desormeaux Foundation Inc

Analysis

Desormeaux Foundation Inc is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Desormeaux Foundation Inc reported income of $592k and spending of $535k, spending 90% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $545k to $592k (+8.6%), an average of +2.1% a year. The sharpest change came in the year to August 2020, when income dropped by 17%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Desormeaux Foundation Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within LA. Charities of a similar size with the same main cause include Marion County Veterans Helping Veterans Inc ($592k), The Arc of Philadelphia ($592k) and Pennypack Farm Education Center for Sustainable Food Systems ($592k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 63% of the total. Other salaries and wages came to $243k. At year end it held assets of $1.3m against liabilities of $1,437, net assets of $1.3m. It reported 28 employees.