Le Petit Theatre du Vieux Carre

Analysis

Le Petit Theatre du Vieux Carre is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in February 1957, 69 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Le Petit Theatre du Vieux Carre reported income of $1.4m and spending of $1.7m, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $1.4m (-5.8%), an average of -1.5% a year. The sharpest change came in the year to June 2022, when income rose by 194%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Le Petit Theatre du Vieux Carre sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within LA. Charities of a similar size with the same main cause include The Community Foundation of Greater Decatur ($1.4m), Au Sable Trails Institute of Environmental Studies ($1.4m) and Camp Okoboji Lutheran Association ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $143k (8.6% of expenses). Other salaries and wages came to $203k. At year end it held assets of $4.8m against liabilities of $293k, net assets of $4.5m. It reported 27 employees.