The Greater New Orleans Foundation

Analysis

The Greater New Orleans Foundation is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in October 1941, 85 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, The Greater New Orleans Foundation reported income of $43.2m and spending of $43.1m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $58.4m to $43.2m (-26%), an average of -7.3% a year. The sharpest change came in the year to December 2021, when income rose by 94%. Over the whole period it spent 69% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Greater New Orleans Foundation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within LA. Charities of a similar size with the same main cause include Candid ($43.2m), Community Foundation of Greater Flint ($43.6m) and Nebraska Children and Families Foundation ($42.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $1.5m (3.6% of expenses). Other salaries and wages came to $2.0m. It paid $53k in professional fundraising fees. At year end it held assets of $475.6m against liabilities of $3.2m, net assets of $472.4m. It reported 37 employees.