The Louisiana Open Inc

Analysis

The Louisiana Open Inc is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in October 1987, 39 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, The Louisiana Open Inc reported income of $468k and spending of $436k, spending 93% of its income. Across the 4 years on record, from June 2019 to June 2022, income grew from $382k to $468k (+23%), an average of +7.0% a year. The sharpest change came in the year to June 2021, when income rose by 881%. 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, The Louisiana Open Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within LA. Charities of a similar size with the same main cause include Kona Aquatics Club Inc ($468k), Monroeville Athletic Boosters Club ($468k) and Greater Peoria Honor Flight ($468k).

Compensation of current officers, directors and key employees was $110k (25% of expenses). Other salaries and wages came to $36k. At year end it held assets of $682k against liabilities of $207k, net assets of $475k.