Greater Lafayette Commerce Community & Economic Development F

Analysis

Greater Lafayette Commerce Community & Economic Development F is a registered charity in United States, based in Lafayette, IN. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Greater Lafayette Commerce Community & Economic Development F reported income of $6.2m and spending of $6.1m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $64k to $6.2m (+9692%), an average of +215% a year. The sharpest change came in the year to December 2021, when income rose by 13049%. Over the whole period it spent 124% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greater Lafayette Commerce Community & Economic Development F sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within IN. Charities of a similar size with the same main cause include Act for Alexandria ($6.2m), National Council of Jewish Women Incorporated ($6.2m) and Catapult Greater Pittsburgh Inc ($6.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $30k (0.5% of expenses). Other salaries and wages came to $153k. At year end it held assets of $2.7m against liabilities of $2.6m, net assets of $170k.