Foundation for Louisiana

Analysis

Foundation for Louisiana is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in September 2005, 21 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Foundation for Louisiana reported income of $4.8m and spending of $5.3m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.7m to $4.8m (-15%), an average of -4.1% a year. The sharpest change came in the year to June 2021, when income rose by 98%. Over the whole period it spent 79% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Foundation for Louisiana sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within LA. Charities of a similar size with the same main cause include Lewes Fire Department Incorporated ($4.8m), National Association of State Boating Law Administrators Inc ($4.8m) and Rogue Food Unites ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 6.8% of the total. Compensation of current officers, directors and key employees was $738k (14% of expenses). Other salaries and wages came to $988k. At year end it held assets of $16.3m against liabilities of $4.3m, net assets of $12.0m. It reported 29 employees.