Louisiana Endowment for the Humanities

Analysis

Louisiana Endowment for the Humanities is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in November 1976, 50 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 October 2023, Louisiana Endowment for the Humanities reported income of $6.8m and spending of $5.8m, spending 86% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $2.9m to $6.8m (+132%), an average of +23% a year. The sharpest change came in the year to October 2022, when income rose by 78%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Louisiana Endowment for the Humanities sits at the 97th percentile: it is larger than about 97% 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 Round House Theatre Inc ($6.8m), Ankerberg Theological Research Institute ($6.8m) and Haleakala Inc ($6.7m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 74% and program service revenue 5.9% of the total. Compensation of current officers, directors and key employees was $247k (4.2% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $10.5m against liabilities of $1.3m, net assets of $9.1m. It reported 31 employees.