Southern University in New Orleans Foundation Inc

Analysis

Southern University in New Orleans Foundation Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in February 1977, 49 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Southern University in New Orleans Foundation Inc reported income of $424k and spending of $157k, leaving 63% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $231k to $424k (+83%), an average of +36% a year. The sharpest change came in the year to June 2023, when income rose by 290%. Over the whole period it spent 44% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southern University in New Orleans Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within LA. Charities of a similar size with the same main cause include The Community Corps Inc ($424k), Poway Unified School District Foundation ($424k) and International Brotherhood of Electrical Workers ($424k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 4.0% of the total. At year end it held assets of $814k against liabilities of $0, net assets of $814k.