The Memorial Hall Foundation Inc

Analysis

The Memorial Hall Foundation Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in May 2020, 6 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 2022, The Memorial Hall Foundation Inc reported income of $105k and spending of $25k, leaving 77% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $82k to $105k (+27%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 27%. Over the whole period it spent 44% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Memorial Hall Foundation Inc sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within LA. Charities of a similar size with the same main cause include Colima Pasco Collaboration and Friendship Association ($105k), Dma-Events Inc ($105k) and Mary Ball Washington Museum & Library Inc ($105k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 96% of the total. At year end it held assets of $377k against liabilities of $0, net assets of $377k.