New Orleans Redevelopment Unlimited Inc

Analysis

New Orleans Redevelopment Unlimited Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in June 2005, 21 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, New Orleans Redevelopment Unlimited Inc reported income of $2.5m and spending of $2.3m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.5m (+49%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 53%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Orleans Redevelopment Unlimited Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within LA. Charities of a similar size with the same main cause include Manor Care of Gig Harbor Wa Association ($2.5m), Center Interfaith Housing ($2.5m) and Plymouth Gardens Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. Other salaries and wages came to $125k. At year end it held assets of $8.7m against liabilities of $8.4m, net assets of $355k.