In the set of compactifications of X we consider the partial pre-order defined by (W, h) ≤X (Z, g) if there is a continuous function f : Z ⇢ W, such that (f ∘ g)(x) = h(x) for every x ∈ X. Two elements (W, h) and (Z, g) of K(X) are equivalent, (W, h) ≡X (Z, g), if there is a homeomorphism h : W ! Z such that (f ∘ g)(x) = h(x) for every x ∈ X. We denote by K(X) the upper semilattice of classes of equivalence of compactifications of X defined by ≤X and ≡X. We analyze in this article K(Cp(X, Y)) where Cp(X, Y) is the space of continuous functions from X to Y with the topology inherited from the Tychonoff product space YX. We write Cp(X) instead of Cp(X, R). We prove that for a first countable space Y, K(Cp(X, Y)) is not a lattice if any of the following cases happen: (a) Y is not locally compact, (b) X has only one non isolated point and Y is not compact. Furthermore, K(Cp(X)) is not a lattice when X satisfies one of the following properties: (i) X has a non-isolated point with countable character, (ii) X is not pseudocompact, (iii) X is infinite, pseudocompact and Cp(X) is normal, (iv) X is an infinite generalized ordered space. Moreover, K(Cp(X)) is not a lattice when X is an infinite Corson compact space, and for every space X, K(Cp(Cp(X))) is not a lattice. Finally, we list some unsolved problems.