North Louisiana Economic Partnership Inc

Analysis

North Louisiana Economic Partnership Inc is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in April 1982, 44 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 December 2023, North Louisiana Economic Partnership Inc reported income of $2.0m and spending of $2.3m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.0m (+46%), an average of +9.9% a year. The sharpest change came in the year to December 2021, when income rose by 88%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, North Louisiana Economic Partnership Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within LA. Charities of a similar size with the same main cause include Site Foundation ($2.0m), Hyde Square Task Force Inc ($2.0m) and Boonslick Industries Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $756k (33% of expenses). Other salaries and wages came to $435k. At year end it held assets of $1.5m against liabilities of $68k, net assets of $1.5m. It reported 9 employees.