New Orleans Area Habitat for Humanity Inc

Analysis

New Orleans Area Habitat for Humanity Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in July 1986, 40 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, New Orleans Area Habitat for Humanity Inc reported income of $7.3m and spending of $8.2m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.7m to $7.3m (+99%), an average of +19% a year. The sharpest change came in the year to June 2020, when income rose by 294%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Orleans Area Habitat for Humanity Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within LA. Charities of a similar size with the same main cause include Friends of the Historic Genesee Theatre ($7.3m), United Labor Agency Inc ($7.3m) and Legal Aid of East Tennessee Inc ($7.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $567k (6.9% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $35.3m against liabilities of $4.1m, net assets of $31.2m. It reported 94 employees.