New Orleans Center for Creative Arts Foundation

Analysis

New Orleans Center for Creative Arts Foundation is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in September 1983, 43 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 June 2023, New Orleans Center for Creative Arts Foundation reported income of $1.9m and spending of $2.8m, spending 146% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.7m to $1.9m (-30%), an average of -8.4% a year. The sharpest change came in the year to June 2021, when income rose by 72%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Orleans Center for Creative Arts Foundation sits at the 91st percentile: it is larger than about 91% 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 Aurelia Institute Inc ($1.9m), El Paso Symphony Orchestra Assn ($1.9m) and The Arts Center of the Capital Region ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $301k (11% of expenses). Other salaries and wages came to $504k. At year end it held assets of $25.9m against liabilities of $8.2m, net assets of $17.7m. It reported 12 employees.