Efcu Financial Foundation

Analysis

Efcu Financial Foundation is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Efcu Financial Foundation reported income of $101k and spending of $30k, leaving 70% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $94k to $101k (+7.5%), an average of +7.5% a year. Over the whole period it spent 38% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Efcu Financial Foundation sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within LA. Charities of a similar size with the same main cause include O Bannon Snook Tournament at Cabbage Key Inc ($101k), Baxter & Woodman Cares NFP ($101k) and Quiet Givers ($101k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $164k against liabilities of $0, net assets of $164k.