New Orleans Musicians Assistancefoundation

Analysis

New Orleans Musicians Assistancefoundation is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in September 2007, 19 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, New Orleans Musicians Assistancefoundation reported income of $1.1m and spending of $1.4m, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $881k to $1.1m (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2020, when income rose by 230%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Orleans Musicians Assistancefoundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within LA. Charities of a similar size with the same main cause include Responsible Artificial Intelligence Institute ($1.1m), Cable Natural History Museum Inc ($1.1m) and Hope Through Education -- a Fund for Better Futures Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Other salaries and wages came to $204k. At year end it held assets of $2.5m against liabilities of $86k, net assets of $2.4m. It reported 6 employees.