Nola Business Alliance

Analysis

Nola Business Alliance is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in June 2011, 15 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 2022, Nola Business Alliance reported income of $4.0m and spending of $5.6m, spending 140% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $7.5m to $4.0m (-46%), an average of -19% a year. The sharpest change came in the year to December 2022, when income dropped by 43%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nola Business Alliance sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within LA. Charities of a similar size with the same main cause include Waikiki Business Improvement District Association ($4.0m), Bay View Association of the United Methodist Church ($4.0m) and Mpower Inc ($4.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 84% and program service revenue 2.3% of the total. Other salaries and wages came to $1.9m. At year end it held assets of $4.4m against liabilities of $502k, net assets of $3.9m. It reported 26 employees.