Mystic Krewe for the Preservation of Lagniappe in Louisiana

Analysis

Mystic Krewe for the Preservation of Lagniappe in Louisiana is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in December 1984, 42 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 March 2023, Mystic Krewe for the Preservation of Lagniappe in Louisiana reported income of $99k and spending of $110k, spending 112% of what it took in. Across the 4 years on record, from March 2019 to March 2023, income fell from $114k to $99k (-13%), an average of -4.7% a year. The sharpest change came in the year to March 2023, when income dropped by 33%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mystic Krewe for the Preservation of Lagniappe in Louisiana sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within LA. Charities of a similar size with the same main cause include American Production & Inventory Control Society Northern New Jerse ($99k), Maheshwary Mahasabha of North America Inc ($99k) and South Woods County Youth Hockey Association Inc ($99k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $43k against liabilities of $0, net assets of $43k.