New Orleans Startup Fund Inc

Analysis

New Orleans Startup Fund Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in February 2010, 16 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, New Orleans Startup Fund Inc reported income of $539k and spending of $576k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $209k to $539k (+157%), an average of +27% a year. The sharpest change came in the year to December 2020, when income rose by 226%. Over the whole period it spent 108% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, New Orleans Startup Fund Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within LA. Charities of a similar size with the same main cause include Fostering Family ($539k), Build Institute ($539k) and Steuben County Economic Development Corporation ($538k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 105% of the total. Compensation of current officers, directors and key employees was $227k (39% of expenses). At year end it held assets of $2.3m against liabilities of $43k, net assets of $2.2m. It reported 1 employees.