Puentes New Orleans Incorporated

Analysis

Puentes New Orleans Incorporated is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Puentes New Orleans Incorporated reported income of $236k and spending of $227k, spending 96% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $204k to $236k (+16%), an average of +7.7% a year. The sharpest change came in the year to December 2023, when income rose by 258%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Puentes New Orleans Incorporated sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within LA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($236k), Valley Housing Fund ($236k) and Miracit Development Corporation Inc ($236k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $141k. At year end it held assets of $137k against liabilities of $1,793, net assets of $135k. It reported 3 employees.