Clover Nola Inc

Analysis

Clover Nola Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in May 1942, 84 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Clover Nola Inc reported income of $20.2m and spending of $17.3m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.9m to $20.2m (+36%), an average of +7.9% a year. The sharpest change came in the year to June 2023, when income rose by 29%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Clover Nola Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within LA. Charities of a similar size with the same main cause include Ecumenical Enterprises Inc ($20.2m), South Franklin Circle ($20.2m) and Community Access Services II Inc ($20.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $836k (4.8% of expenses). Other salaries and wages came to $7.1m. At year end it held assets of $11.9m against liabilities of $4.1m, net assets of $7.9m. It reported 229 employees.