New Orleans Speech & Hearing Center

Analysis

New Orleans Speech & Hearing Center is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in August 1948, 78 years ago. 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, New Orleans Speech & Hearing Center reported income of $2.0m and spending of $2.1m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.0m (+9.0%), an average of +2.2% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Orleans Speech & Hearing Center sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within LA. Charities of a similar size with the same main cause include Access to Independence of San Diego Inc ($2.0m), Mechanical Contracting Foundation Inc ($2.0m) and Lakeville Soccer Boosters Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.1% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $83k (4.0% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.2m against liabilities of $603k, net assets of $641k. It reported 30 employees.