Educare New Orleans

Analysis

Educare New Orleans is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in April 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Educare New Orleans reported income of $406k and spending of $678k, spending 167% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $9.6m to $406k (-96%), an average of -55% a year. The sharpest change came in the year to December 2020, when income dropped by 94%. Over the whole period it spent 37% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Educare New Orleans sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within LA. Charities of a similar size with the same main cause include Florida Emergency Medicine Foundation Inc ($406k), Unite Here Local 54 Training & Education Trust Fund ($406k) and Taiwan Center Foundation of Northern California ($406k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.9% of the total. At year end it held assets of $6.3m against liabilities of $149k, net assets of $6.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.