Bayou Community Foundation

Analysis

Bayou Community Foundation is a registered charity in United States, based in Houma, LA. It received its IRS tax-exemption ruling in May 2019, 7 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 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, Bayou Community Foundation reported income of $4.5m and spending of $3.3m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $364k to $4.5m (+1141%), an average of +88% a year. The sharpest change came in the year to December 2021, when income rose by 585%. Over the whole period it spent 68% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bayou Community Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within LA. Charities of a similar size with the same main cause include Alliance for Strategic Growth Inc ($4.5m), Educational Programs in Home Living ($4.5m) and Workforce Development Board of Herkimer Madison and Oneida Counti ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $80k (2.5% of expenses). Other salaries and wages came to $46k. At year end it held assets of $5.6m against liabilities of $12k, net assets of $5.6m. It reported 2 employees.