Southeastern Louisiana University Foundation

Analysis

Southeastern Louisiana University Foundation is a registered charity in United States, based in Hammond, LA. It received its IRS tax-exemption ruling in February 1973, 53 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, Southeastern Louisiana University Foundation reported income of $6.1m and spending of $4.3m, leaving 30% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.6m to $6.1m (+33%), an average of +9.9% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 63% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southeastern Louisiana University Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within LA. Charities of a similar size with the same main cause include Christian School Society of Portland ($6.1m), Manhattan Christian College Inc ($6.1m) and Promise Academy Spring Hill ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% of the total. Other salaries and wages came to $350k. At year end it held assets of $81.0m against liabilities of $26.2m, net assets of $54.8m.