Travelers Aid Society of Greater New Orleans

Analysis

Travelers Aid Society of Greater New Orleans is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in August 1963, 63 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, Travelers Aid Society of Greater New Orleans reported income of $2.2m and spending of $2.5m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $2.2m (+41%), an average of +8.9% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Travelers Aid Society of Greater New Orleans sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within LA. Charities of a similar size with the same main cause include Maximum Impact Love Inc ($2.2m), Helping Hands Ministry of Belton Inc ($2.2m) and Under the Rainbow Early Education Center ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $911k. At year end it held assets of $1.1m against liabilities of $165k, net assets of $890k. It reported 19 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.