Emeril Lagasse Foundation

Analysis

Emeril Lagasse Foundation 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 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 March 2023, Emeril Lagasse Foundation reported income of $3.0m and spending of $4.4m, spending 147% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $1.9m to $3.0m (+58%), an average of +12% a year. The sharpest change came in the year to March 2022, when income rose by 137%. Over the whole period it spent 115% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Emeril Lagasse Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within LA. Charities of a similar size with the same main cause include Howard Fund ($3.0m), Meisel & Pesses Family Foundation ($3.0m) and Its Bigger Than US ($3.0m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 185% of the total. Compensation of current officers, directors and key employees was $291k (6.6% of expenses). Other salaries and wages came to $438k. At year end it held assets of $5.1m against liabilities of $1.3m, net assets of $3.8m. It reported 10 employees.