Friends of Lafayette House

Analysis

Friends of Lafayette House is a registered charity in United States, based in Portsmouth, NH. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of Lafayette House reported income of $729k and spending of $540k, leaving 26% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $432k to $729k (+69%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 85% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of Lafayette House sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 78th percentile within NH. Charities of a similar size with the same main cause include Pioneer Valley Chinese Immersion Charter School Educational Foundat ($729k), Eagles Nest International Inc ($730k) and Downtown Boulder Community Initiatives ($729k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.7% and program service revenue 94% of the total. Other salaries and wages came to $332k. At year end it held assets of $762k against liabilities of $279k, net assets of $483k. It reported 11 employees.