Greater New Orleans Educational Television Foundation

Analysis

Greater New Orleans Educational Television Foundation is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in April 1960, 66 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 September 2023, Greater New Orleans Educational Television Foundation reported income of $5.2m and spending of $5.8m, spending 113% of what it took in. Across the 6 years on record, from June 2019 to September 2023, income grew from $4.6m to $5.2m (+12%), an average of +2.2% a year. The sharpest change came in the year to September 2021, when income rose by 461%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Greater New Orleans Educational Television Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within LA. Charities of a similar size with the same main cause include Braddock Carnegie Library Association ($5.2m), Newark Performing Arts Corporation ($5.2m) and Imagination Stage Inc ($5.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 65% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $136k (2.3% of expenses). Other salaries and wages came to $1.5m. It paid $120k in professional fundraising fees. At year end it held assets of $21.9m against liabilities of $1.4m, net assets of $20.5m. It reported 21 employees.