Louisiana Museum Foundation

Analysis

Louisiana Museum Foundation is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in February 1983, 43 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, Louisiana Museum Foundation reported income of $1.9m and spending of $2.1m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $1.9m (+8.1%), an average of +2.0% a year. The sharpest change came in the year to June 2022, when income rose by 140%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Louisiana Museum Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within LA. Charities of a similar size with the same main cause include Copernicus Foundation ($1.9m), Holy Name Retreat Center ($1.9m) and Boy Scouts of America ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 5.5% of the total. Compensation of current officers, directors and key employees was $102k (5.0% of expenses). Other salaries and wages came to $187k. At year end it held assets of $4.7m against liabilities of $198k, net assets of $4.5m. It reported 14 employees.