Lamar Institute of Technology Foundation

Analysis

Lamar Institute of Technology Foundation is a registered charity in United States, based in Beaumont, TX. It received its IRS tax-exemption ruling in January 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Lamar Institute of Technology Foundation reported income of $644k and spending of $427k, leaving 34% of income unspent that year. Across the 6 years on record, from August 2018 to August 2023, income fell from $692k to $644k (-6.9%), an average of -1.4% a year. The sharpest change came in the year to August 2022, when income rose by 161%. Over the whole period it spent 39% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lamar Institute of Technology Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include Delaware Charter Schools Network Inc ($644k), Millbrae Education Foundation Inc ($644k) and Mount Washington Valley Alpine Education Foundation ($644k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $7.7m against liabilities of $280k, net assets of $7.4m.