Nami Southeast Louisiana

Analysis

Nami Southeast Louisiana is a registered charity in United States, based in Mandeville, LA. It received its IRS tax-exemption ruling in February 1990, 36 years ago. 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 June 2023, Nami Southeast Louisiana reported income of $1.7m and spending of $1.5m, spending 91% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.4m to $1.7m (+24%), an average of +7.5% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nami Southeast Louisiana sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within LA. Charities of a similar size with the same main cause include Mount Pleasant Soccer Booster Club Inc ($1.7m), Biomedical Research Foundation Medical Research 151 ($1.7m) and Illyrian Gardens Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $98k (6.4% of expenses). Other salaries and wages came to $786k. At year end it held assets of $1.1m against liabilities of $82k, net assets of $1.0m. It reported 36 employees.