Lsu Health Foundation New Orleans

Analysis

Lsu Health Foundation New Orleans is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in August 1988, 38 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 2023, Lsu Health Foundation New Orleans reported income of $11.2m and spending of $17.6m, spending 156% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $20.5m to $11.2m (-45%), an average of -14% a year. The sharpest change came in the year to June 2023, when income dropped by 49%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lsu Health Foundation New Orleans sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within LA. Charities of a similar size with the same main cause include Adelbrook Community Services Inc ($11.2m), Missouri Lions Eye Research Foundation ($11.2m) and Empire Home Infusion Service Inc ($11.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $1.3m (7.5% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $198.1m against liabilities of $43.1m, net assets of $155.0m. It reported 23 employees.