New Orleans East Hospital Foundation

Analysis

New Orleans East Hospital Foundation is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, New Orleans East Hospital Foundation reported income of $60k and spending of $10k, leaving 83% of income unspent that year. Across the 4 years on record, from December 2017 to December 2022, income fell from $254k to $60k (-76%), an average of -38% a year. The sharpest change came in the year to December 2022, when income rose by 860%. Over the whole period it spent 7.7% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, New Orleans East Hospital Foundation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 23rd percentile within LA. Charities of a similar size with the same main cause include Frends of Chillicothe Va Memorial Field ($60k), PNB Community Development Foundation Inc ($60k) and National Charity League Inc Seaside Chapter ($60k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 99% of the total. At year end it held assets of $365k against liabilities of $0, net assets of $365k.