Project Nola

Analysis

Project Nola is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in September 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 July 2023, Project Nola reported income of $807k and spending of $649k, spending 80% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $284k to $807k (+184%), an average of +30% a year. The sharpest change came in the year to July 2022, when income rose by 84%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Nola sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within LA. Charities of a similar size with the same main cause include Light of Hope Immigration Law Center Inc ($807k), Joy International Incorporated ($807k) and Destiny Adoption Services and Consulting Inc ($807k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $175k (27% of expenses). At year end it held assets of $374k against liabilities of $37k, net assets of $337k. It reported 2 employees.