Lamar University at Orange Foundation Inc

Analysis

Lamar University at Orange Foundation Inc is a registered charity in United States, based in Orange, TX. It received its IRS tax-exemption ruling in October 1985, 41 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 December 2023, Lamar University at Orange Foundation Inc reported income of $299k and spending of $153k, leaving 49% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income fell from $421k to $299k (-29%), an average of -6.6% a year. The sharpest change came in the year to December 2022, when income dropped by 44%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lamar University at Orange Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Orthopterists Society ($299k), Little Georgetown Foundation ($299k) and Associated Builders and Contractors Apprenticeship Trust Fund ($299k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% of the total. At year end it held assets of $7.0m against liabilities of $12k, net assets of $7.0m.