Louisiana Veterans Research Corp

Analysis

Louisiana Veterans Research Corp is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in August 1994, 32 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Louisiana Veterans Research Corp reported income of $306k and spending of $277k, spending 91% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $497k to $306k (-38%), an average of -15% a year. The sharpest change came in the year to December 2023, when income rose by 267%. 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, Louisiana Veterans Research Corp sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within LA. Charities of a similar size with the same main cause include Waimea Housing Foundation Inc ($306k), Environmental Studies Council Inc Tua ($306k) and St Xaviers Home ($306k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $78k (28% of expenses). Other salaries and wages came to $77k. At year end it held assets of $499k against liabilities of $361k, net assets of $138k. It reported 3 employees.