Music and Culture Coalition of New Orleans Nonprofit Corporation

Analysis

Music and Culture Coalition of New Orleans Nonprofit Corporation 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 arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2023, Music and Culture Coalition of New Orleans Nonprofit Corporation reported income of $199k and spending of $206k, spending 104% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $331k to $199k (-40%), an average of -16% a year. The sharpest change came in the year to December 2021, when income dropped by 32%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Music and Culture Coalition of New Orleans Nonprofit Corporation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within LA. Charities of a similar size with the same main cause include Strawberry Hill Ethnic Cultural Society Inc ($199k), Millikin Severance No 2 FD A1 ($199k) and Humboldt County Historical Society ($199k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $165k (80% of expenses). It paid $3,200 in professional fundraising fees. At year end it held assets of $154k against liabilities of $66k, net assets of $88k. It reported 3 employees.