The Tennessee Williams-New Orleans Literary Festival Inc

Analysis

The Tennessee Williams-New Orleans Literary Festival Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in November 1987, 39 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 2024, The Tennessee Williams-New Orleans Literary Festival Inc reported income of $344k and spending of $370k, spending 107% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $265k to $344k (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Tennessee Williams-New Orleans Literary Festival Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within LA. Charities of a similar size with the same main cause include United Way of Jasper County ($344k), Cornwall Child Center Inc ($344k) and Northwestern Connecticut Youth Hockey and Skating Association Inc ($344k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 67% and program service revenue 28% of the total. Other salaries and wages came to $131k. At year end it held assets of $171k against liabilities of $1,643, net assets of $170k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.