Louisiana Tech University Foundation Inc

Analysis

Louisiana Tech University Foundation Inc is a registered charity in United States, based in Ruston, LA. It received its IRS tax-exemption ruling in October 1964, 62 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Louisiana Tech University Foundation Inc reported income of $22.3m and spending of $18.6m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $30.9m to $22.3m (-28%), an average of -7.8% a year. The sharpest change came in the year to June 2020, when income dropped by 47%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Louisiana Tech University Foundation Inc sits at the 96th percentile: it is larger than about 96% 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 Arizona Community Development Corporation ($22.3m), University Studies Abroad Consortium ($22.3m) and Cornerstone Academy Inc ($22.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $124.0m against liabilities of $64.3m, net assets of $59.7m.