Friends of Louisiana Public Broadcasting Inc

Analysis

Friends of Louisiana Public Broadcasting Inc is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in September 2020, 6 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 June 2023, Friends of Louisiana Public Broadcasting Inc reported income of $2.9m and spending of $3.0m, spending 103% of its income. Across the 6 years on record, from June 2018 to June 2023, income grew from $2.4m to $2.9m (+20%), an average of +3.7% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of Louisiana Public Broadcasting Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within LA. Charities of a similar size with the same main cause include Weston Playhouse Theatre ($2.9m), American Center for Optics Manufacturing Inc ($2.9m) and Skylight Music Theatre Corp ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $505k (17% of expenses). Other salaries and wages came to $175k. It paid $19k in professional fundraising fees. At year end it held assets of $634k against liabilities of $312k, net assets of $322k. It reported 5 employees.