The Nola Project Inc

Analysis

The Nola Project Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, The Nola Project Inc reported income of $304k and spending of $306k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $254k to $304k (+20%), an average of +4.6% a year. The sharpest change came in the year to June 2022, when income rose by 185%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Nola Project Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within LA. Charities of a similar size with the same main cause include Center for Hmong Arts & Talent ($304k), Pueblo Symphony Association ($304k) and Western Montana Creative Initiatives ($304k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 65% of the total. Other salaries and wages came to $42k. At year end it held assets of $81k against liabilities of $12k, net assets of $69k.