Lourdes Foundation Inc

Analysis

Lourdes Foundation Inc is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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, Lourdes Foundation Inc reported income of $2.3m and spending of $223k, leaving 90% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.0m to $2.3m (-21%), an average of -5.9% a year. The sharpest change came in the year to June 2023, when income rose by 131%. Over the whole period it spent 50% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lourdes Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within LA. Charities of a similar size with the same main cause include Jonnycake Center of Westerly ($2.3m), Institute for Dayanim ($2.3m) and Charles Henderson TR No 3 Uw ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $14.3m against liabilities of $339k, net assets of $13.9m.