Louise S McGehee School

Analysis

Louise S McGehee School is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in May 1937, 89 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Louise S McGehee School reported income of $15.3m and spending of $14.4m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.7m to $15.3m (+20%), an average of +4.7% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Louise S McGehee School 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 96th percentile, and in the 96th percentile within LA. Charities of a similar size with the same main cause include Christian Schools Inc ($15.3m), Epd Inc ($15.3m) and Agency on Aging of South Central Connecticut Inc ($15.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $492k (3.4% of expenses). Other salaries and wages came to $7.4m. At year end it held assets of $29.4m against liabilities of $13.2m, net assets of $16.2m. It reported 251 employees.