New Orleans School Facility Finance Foundation

Analysis

New Orleans School Facility Finance Foundation is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, New Orleans School Facility Finance Foundation reported income of $561k and spending of $2.7m, spending 473% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $18.1m to $561k (-97%), an average of -58% a year. The sharpest change came in the year to December 2021, when income dropped by 89%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Orleans School Facility Finance Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within LA. Charities of a similar size with the same main cause include American Friends of Darchei Avot ($561k), Rebecca Blaylock Child Development Center Inc ($561k) and Aster Montessori School Inc ($561k).

At year end it held assets of $71.0m against liabilities of $20.2m, net assets of $50.7m.

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.