Lafayette Foundation Clinic Inc

Analysis

Lafayette Foundation Clinic Inc is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lafayette Foundation Clinic Inc reported income of $2.3m and spending of $1.4m, leaving 39% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $344k to $2.3m (+578%), an average of +89% a year. The sharpest change came in the year to December 2021, when income rose by 237%. Over the whole period it spent 70% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lafayette Foundation Clinic Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within LA. Charities of a similar size with the same main cause include Platelet Disorder Support Association Inc ($2.3m), Health Care Foundation of North Mississippi ($2.3m) and Westcare Ohio Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $213k (15% of expenses). Other salaries and wages came to $248k. At year end it held assets of $1.9m against liabilities of $455k, net assets of $1.4m. It reported 6 employees.