Krewe of Poseidon Inc

Analysis

Krewe of Poseidon Inc is a registered charity in United States, based in Slidell, LA. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Krewe of Poseidon Inc reported income of $525k and spending of $549k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $366k to $525k (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2022, when income rose by 319%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Krewe of Poseidon Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within LA. Charities of a similar size with the same main cause include Springfield Preservation and Revitalization Council Inc ($525k), River City Rhythm Inc ($526k) and Center for Contemporary Printmaking Inc ($525k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $248k against liabilities of $0, net assets of $248k.