New Orleans Council on Aging

Analysis

New Orleans Council on Aging is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in November 1967, 59 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 Council on Aging reported income of $6.7m and spending of $6.8m, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.8m to $6.7m (+15%), an average of +4.7% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Orleans Council on Aging sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within LA. Charities of a similar size with the same main cause include Hui No Ke Ola Pono Inc ($6.7m), National Association of College and University Attorneys ($6.7m) and Southwestern Healthcare Inc ($6.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $104k (1.5% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $1.9m against liabilities of $392k, net assets of $1.5m. It reported 60 employees.