Kennedy Center of Louisiana LLC

Analysis

Kennedy Center of Louisiana LLC is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in June 2009, 17 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending December 2023, Kennedy Center of Louisiana LLC reported income of $893k and spending of $1.0m, spending 117% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $360k to $893k (+148%), an average of +20% a year. The sharpest change came in the year to December 2019, when income rose by 103%. Over the whole period it spent 123% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kennedy Center of Louisiana LLC sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within LA. Charities of a similar size with the same main cause include Holy Martyrs Armenian Day School ($893k), Chi Phi Educational Trust ($893k) and Ronald McDonald House Charities of Temple Texas ($893k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $102k (9.8% of expenses). Other salaries and wages came to $194k. At year end it held assets of $248k against liabilities of $1.3m, net assets of -$1.0m. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.