Louisiana Black History Hall of Fame

Analysis

Louisiana Black History Hall of Fame is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in May 2021, 5 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 December 2023, Louisiana Black History Hall of Fame reported income of $268k and spending of $52k, leaving 81% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $13k to $268k (+1910%), an average of +82% a year. The sharpest change came in the year to December 2021, when income rose by 251%. Over the whole period it spent 7.1% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Louisiana Black History Hall of Fame sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within LA. Charities of a similar size with the same main cause include Axys ($268k), Tha Development Association ($268k) and Youth Evangelism Association Inc ($268k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.1m against liabilities of $24k, net assets of $2.1m.