Lafayette Community Development Fund

Analysis

Lafayette Community Development Fund is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in September 2022, 4 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, Lafayette Community Development Fund reported income of $168k and spending of $219k, spending 130% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $909k to $168k (-82%), an average of -82% a year. The sharpest change came in the year to December 2023, when income dropped by 82%. Over the whole period it spent 20% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lafayette Community Development Fund sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within LA. Charities of a similar size with the same main cause include Lauri Jean Zach Center Incorporated ($168k), Building a Better Boyertown ($168k) and Bolton Hill Community Association ($168k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. At year end it held assets of $1.2m against liabilities of $726k, net assets of $494k.