L S U School of Medicine-New Orleans Medical Alumni Assoc Inc

Analysis

L S U School of Medicine-New Orleans Medical Alumni Assoc Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in January 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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, L S U School of Medicine-New Orleans Medical Alumni Assoc Inc reported income of $433k and spending of $490k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $583k to $433k (-26%), an average of -7.1% a year. The sharpest change came in the year to December 2020, when income rose by 184%. Over the whole period it spent 56% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, L S U School of Medicine-New Orleans Medical Alumni Assoc Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within LA. Charities of a similar size with the same main cause include Decisions Choices and Options Inc ($433k), Stillman Home & School Association Stillman H S a Inc ($433k) and Dr Chaim Cember Shaarei Chinuch Day ($433k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 165% of the total. At year end it held assets of $3.6m against liabilities of $77k, net assets of $3.5m.