Crescent City Schools

Analysis

Crescent City Schools is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Crescent City Schools reported income of $49.9m and spending of $45.9m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $30.4m to $49.9m (+64%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 32%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Crescent City Schools sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within LA. Charities of a similar size with the same main cause include Ole Miss Athletics Foundation ($49.8m), Early Learning Coalition of Manatee County Inc ($49.9m) and Minerva University ($49.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $560k (1.2% of expenses). Other salaries and wages came to $20.7m. At year end it held assets of $16.9m against liabilities of $4.5m, net assets of $12.5m. It reported 514 employees.