New Orleans Culinary and Hospitality Institute Inc

Analysis

New Orleans Culinary and Hospitality Institute Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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 December 2022, New Orleans Culinary and Hospitality Institute Inc reported income of $4.2m and spending of $4.2m, spending 101% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $7.0m to $4.2m (-41%), an average of -16% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Orleans Culinary and Hospitality Institute Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within LA. Charities of a similar size with the same main cause include New Jersey Coalition to End Domestic Violence Inc ($4.2m), Golden Good Shepherd Home ($4.2m) and Swap Stop Wasting Abandoned Property ($4.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 63% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $196k (4.7% of expenses). Other salaries and wages came to $389k. It paid $72k in professional fundraising fees. At year end it held assets of $19.1m against liabilities of $6.5m, net assets of $12.6m. It reported 53 employees.