Invest in Louisiana

Analysis

Invest in Louisiana is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover public and societal benefit, 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 2023, Invest in Louisiana reported income of $1.8m and spending of $1.6m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $738k to $1.8m (+139%), an average of +24% a year. The sharpest change came in the year to December 2020, when income rose by 140%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Invest in Louisiana sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within LA. Charities of a similar size with the same main cause include Boys & Girls Club of Fontana ($1.8m), Disability Rights South Dakota ($1.8m) and United Way of the Lakelands ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $230k (14% of expenses). Other salaries and wages came to $479k. At year end it held assets of $3.6m against liabilities of $48k, net assets of $3.5m. It reported 12 employees.