Gentilly Festival Inc

Analysis

Gentilly Festival Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Gentilly Festival Inc reported income of $142k and spending of $164k, spending 115% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $4,712 to $142k (+2917%), an average of +449% a year. The sharpest change came in the year to December 2022, when income rose by 4000%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Gentilly Festival Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 45th percentile within LA. Charities of a similar size with the same main cause include Redeem United Inc ($142k), Mexicantown Community Development Corporation ($142k) and Mills Fifty Mainstreet Co ($142k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $20k against liabilities of $0, net assets of $20k.