Community Foundation of Acadiana

Analysis

Community Foundation of Acadiana 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 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 December 2023, Community Foundation of Acadiana reported income of $22.9m and spending of $18.0m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $18.6m to $22.9m (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2020, when income rose by 73%. Over the whole period it spent 58% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of Acadiana sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within LA. Charities of a similar size with the same main cause include United Way of Central Ohio Inc ($22.8m), Wyoming Community Foundation ($23.0m) and Community Foundation of Greater Fort Wayne Inc ($22.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 5.2% of the total. Compensation of current officers, directors and key employees was $185k (1.0% of expenses). Other salaries and wages came to $686k. At year end it held assets of $168.3m against liabilities of $17.0m, net assets of $151.3m. It reported 11 employees.