Community Foundation of Southwest Louisiana

Analysis

Community Foundation of Southwest Louisiana is a registered charity in United States, based in Lake Charles, LA. It received its IRS tax-exemption ruling in September 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Community Foundation of Southwest Louisiana reported income of $5.3m and spending of $2.6m, leaving 51% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $5.3m (+51%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 228%. Over the whole period it spent 60% 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 Southwest Louisiana sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within LA. Charities of a similar size with the same main cause include Chanan Foundation Inc ($5.3m), The American Center for Philanthropy Inc ($5.4m) and Techforce Foundation ($5.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% of the total. Compensation of current officers, directors and key employees was $118k (4.5% of expenses). Other salaries and wages came to $134k. At year end it held assets of $37.2m against liabilities of $207k, net assets of $37.0m. It reported 3 employees.