Fund 17

Analysis

Fund 17 is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in June 2026. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2022, Fund 17 reported income of $627k and spending of $378k, leaving 40% of income unspent that year. Across the 2 years on record, from May 2021 to May 2022, income grew from $409k to $627k (+53%), an average of +53% a year. The sharpest change came in the year to May 2022, when income rose by 53%. Over the whole period it spent 57% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fund 17 sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within LA. Charities of a similar size with the same main cause include Sowega Rising ($627k), Main Street Dayton ($628k) and Producir Inc Una Corp de Desarrollo Comunal Y Econ Para Cubuy Y Lomas ($627k).

On its Form 990 for the period ending May 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $136k. At year end it held assets of $536k against liabilities of $7,791, net assets of $529k.