Preservation Alliance of New Orleans Incorporated

Analysis

Preservation Alliance of New Orleans Incorporated is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in December 1974, 52 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 (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, Preservation Alliance of New Orleans Incorporated reported income of $1.2m and spending of $1.6m, spending 135% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.4m to $1.2m (-79%), an average of -32% a year. The sharpest change came in the year to June 2021, when income dropped by 58%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Preservation Alliance of New Orleans Incorporated sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within LA. Charities of a similar size with the same main cause include Wear Gloves Inc ($1.2m), Justice League of Food ($1.2m) and Finishing Trades Institute of MD Va DC and Vicinities ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 9.2% of the total. Compensation of current officers, directors and key employees was $257k (16% of expenses). Other salaries and wages came to $482k. At year end it held assets of $7.9m against liabilities of $169k, net assets of $7.7m. It reported 14 employees.