Longue Vue House and Gardens Corporation

Analysis

Longue Vue House and Gardens Corporation is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in August 2005, 21 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, Longue Vue House and Gardens Corporation reported income of $3.0m and spending of $2.3m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $897k to $3.0m (+233%), an average of +35% a year. The sharpest change came in the year to December 2021, when income rose by 76%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Longue Vue House and Gardens Corporation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within LA. Charities of a similar size with the same main cause include Notes for Notes Incorporated ($3.0m), Institute of Mathematical Statistics ($3.0m) and The Womens Project & Productions ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $144k (6.2% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $21.3m against liabilities of $789k, net assets of $20.5m. It reported 49 employees.