French Quarter Festival Inc

Analysis

French Quarter Festival Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in October 1988, 38 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 December 2023, French Quarter Festival Inc reported income of $5.1m and spending of $5.0m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.7m to $5.1m (+9.5%), an average of +2.3% a year. The sharpest change came in the year to December 2021, when income rose by 119%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, French Quarter Festival Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within LA. Charities of a similar size with the same main cause include Westcoast Black Theatre Troupe of Florida Inc ($5.1m), Museum of Latin American Art ($5.1m) and Lemay-Americas Car Museum ($5.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.0% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $298k (6.0% of expenses). Other salaries and wages came to $464k. At year end it held assets of $3.6m against liabilities of $736k, net assets of $2.9m. It reported 8 employees.