Louisiana Hospitality Foundation

Analysis

Louisiana Hospitality Foundation is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in July 2006, 20 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2022, Louisiana Hospitality Foundation reported income of $556k and spending of $534k, spending 96% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $347k to $556k (+60%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 83%. Over the whole period it spent 80% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Louisiana Hospitality Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within LA. Charities of a similar size with the same main cause include Lake Shore Fire Department ($556k), Lakeshore Excellence Foundation ($556k) and Coventry Town Foundation Inc ($556k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 111% of the total. Other salaries and wages came to $71k. At year end it held assets of $817k against liabilities of $29k, net assets of $789k. It reported 2 employees.