L S U Foundation

Analysis

L S U Foundation is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in October 1963, 63 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, L S U Foundation reported income of $107.4m and spending of $54.9m, leaving 49% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $61.2m to $107.4m (+75%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 139%. Over the whole period it spent 50% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, L S U Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within LA. Charities of a similar size with the same main cause include Washington and Jefferson College ($107.3m), Eastern University ($107.4m) and California College of the Arts ($107.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% of the total. Compensation of current officers, directors and key employees was $1.4m (2.6% of expenses). Other salaries and wages came to $6.7m. At year end it held assets of $881.7m against liabilities of $145.7m, net assets of $736.0m. It reported 125 employees.