Dr Rodney R Lafon Performing Arts Center Endowment Fund

Analysis

Dr Rodney R Lafon Performing Arts Center Endowment Fund is a registered charity in United States, based in Luling, LA. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2024, Dr Rodney R Lafon Performing Arts Center Endowment Fund reported income of $1.1m and spending of $61k, leaving 95% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $2.0m to $1.1m (-45%), an average of -11% a year. The sharpest change came in the year to June 2020, when income dropped by 70%. Over the whole period it spent 4.3% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Dr Rodney R Lafon Performing Arts Center Endowment Fund sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within LA. Charities of a similar size with the same main cause include Brookside Irish Fest Inc ($1.1m), Think 360 Arts for Learning Inc ($1.1m) and Ash Lawn Opera Charlottesville Ci ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 54% of the total. At year end it held assets of $5.6m against liabilities of $0, net assets of $5.6m.