University of Louisiana at Lafayette Alumni Association Inc

Analysis

University of Louisiana at Lafayette Alumni Association Inc is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in May 1967, 59 years ago. 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, University of Louisiana at Lafayette Alumni Association Inc reported income of $909k and spending of $794k, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $501k to $909k (+81%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 67%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, University of Louisiana at Lafayette Alumni Association Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within LA. Charities of a similar size with the same main cause include State University College at Buffalo Child Day Care Dev Facility Inc ($909k), Life Advancement Group ($909k) and The Charles Lea Industrial Corporation ($909k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 23% of the total. Other salaries and wages came to $243k. At year end it held assets of $3.0m against liabilities of $0, net assets of $3.0m.