Ellis Marsalis Center for Music Inc

Analysis

Ellis Marsalis Center for Music Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in December 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Ellis Marsalis Center for Music Inc reported income of $1.7m and spending of $2.5m, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.7m (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2022, when income rose by 79%. Over the whole period it spent 124% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ellis Marsalis Center for Music Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within LA. Charities of a similar size with the same main cause include Emergency Management Accreditation Program Inc ($1.7m), Abrazo Foster Family Agency ($1.7m) and K2 Escape ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $253k (10% of expenses). It paid $37k in professional fundraising fees. At year end it held assets of $10.3m against liabilities of $548k, net assets of $9.7m. It reported 41 employees.