Festival International de Louisiane

Analysis

Festival International de Louisiane is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in January 1987, 39 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Festival International de Louisiane reported income of $1.7m and spending of $1.8m, spending 106% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.6m to $1.7m (+5.4%), an average of +1.3% a year. The sharpest change came in the year to August 2022, when income rose by 104%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Festival International de Louisiane sits at the 90th percentile: it is larger than about 90% 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 Ditto Upscale Resale ($1.7m), Demolay International ($1.7m) and Dennison Railroad Depot Museum Inc ($1.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 59% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $138k (7.7% of expenses). Other salaries and wages came to $268k. At year end it held assets of $2.2m against liabilities of $488k, net assets of $1.7m. It reported 19 employees.