Central Louisiana Economic Development Alliance

Analysis

Central Louisiana Economic Development Alliance is a registered charity in United States, based in Alexandria, LA. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 December 2023, Central Louisiana Economic Development Alliance reported income of $2.1m and spending of $2.2m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.1m (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 98% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Central Louisiana Economic Development Alliance sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within LA. Charities of a similar size with the same main cause include Alvin S Mintzes Hatzalah of Baltimore Inc ($2.1m), Naugatuck Ambulance Inc ($2.1m) and Rescue Hook & Ladder Company No 1 ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 2.6% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $1.5m against liabilities of $249k, net assets of $1.2m. It reported 15 employees.