Foundation for a Better Louisiana Fidelity National Bank Building

Analysis

Foundation for a Better Louisiana Fidelity National Bank Building is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in November 1962, 64 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Foundation for a Better Louisiana Fidelity National Bank Building reported income of $176k and spending of $138k, leaving 21% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income fell from $190k to $176k (-7.3%), an average of -2.5% a year. The sharpest change came in the year to December 2023, when income rose by 64%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Foundation for a Better Louisiana Fidelity National Bank Building sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within LA. Charities of a similar size with the same main cause include Roanoke River Partners Inc ($176k), Fort Worth Chamber Development Foundation ($176k) and Better Business Bureau Institute for Marketplace Ethics ($176k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. At year end it held assets of $322k against liabilities of $63k, net assets of $259k.