Toulouse Commercial Inc

Analysis

Toulouse Commercial Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Toulouse Commercial Inc reported income of $377k and spending of $309k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $335k to $377k (+13%), an average of +3.0% a year. The sharpest change came in the year to December 2022, when income rose by 436%. Over the whole period it spent 55% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Toulouse Commercial Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within LA. Charities of a similar size with the same main cause include Paiges Butterfly Run Inc ($377k), Virginia Mennonite Relief Sale ($377k) and Chris Evert Charities Inc ($377k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $6.1m against liabilities of $4.8m, net assets of $1.3m.