Louisiana Discovery Museum Inc

Analysis

Louisiana Discovery Museum Inc is a registered charity in United States, based in Hammond, LA. It received its IRS tax-exemption ruling in December 2006, 20 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 December 2023, Louisiana Discovery Museum Inc reported income of $307k and spending of $263k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $355k to $307k (-13%), an average of -3.5% a year. The sharpest change came in the year to December 2020, when income dropped by 34%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Louisiana Discovery Museum Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within LA. Charities of a similar size with the same main cause include Chinatown Museum Foundation ($307k), Irish Immigration Center ($307k) and Emis Colorful Future Foundation ($307k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 69% of the total. Other salaries and wages came to $121k. At year end it held assets of $349k against liabilities of $5,953, net assets of $343k. It reported 16 employees.