University of Louisiana at Lafayette Foundation

Analysis

University of Louisiana at Lafayette Foundation is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in August 1957, 69 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, University of Louisiana at Lafayette Foundation reported income of $23.0m and spending of $22.4m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.7m to $23.0m (+17%), an average of +4.0% a year. The sharpest change came in the year to June 2021, when income rose by 153%. Over the whole period it spent 69% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Louisiana at Lafayette Foundation 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 Sanford School Inc ($23.0m), Episcopal Day Private School of Manatee County Inc ($23.0m) and Lemnis ($23.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 3.6% of the total. Other salaries and wages came to $2.4m. At year end it held assets of $276.4m against liabilities of $52.9m, net assets of $223.6m. It reported 47 employees.