Hope Ignites New Orleans

Analysis

Hope Ignites New Orleans is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in December 1979, 47 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, Hope Ignites New Orleans reported income of $874k and spending of $980k, spending 112% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $779k to $874k (+12%), an average of +5.9% a year. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope Ignites New Orleans sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within LA. Charities of a similar size with the same main cause include Nami Kansas Inc ($874k), Versailles Foundation Inc ($875k) and Jewish Federation of El Paso ($874k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $91k (9.3% of expenses). Other salaries and wages came to $319k. At year end it held assets of $2.4m against liabilities of $49k, net assets of $2.4m. It reported 17 employees.