Cyt Lafayette Inc

Analysis

Cyt Lafayette Inc is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in October 2009, 17 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cyt Lafayette Inc reported income of $934k and spending of $867k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $685k to $934k (+36%), an average of +8.1% a year. The sharpest change came in the year to December 2021, when income rose by 117%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cyt Lafayette Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within LA. Charities of a similar size with the same main cause include Black Men Coalition Foundation ($933k), Leatherstocking Education on Alcoholism Addictns Foundation Inc ($934k) and Project H O M E ($932k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.5% and program service revenue 90% of the total. Other salaries and wages came to $141k. At year end it held assets of $811k against liabilities of $154k, net assets of $656k. It reported 23 employees.