Unity of Greater New Orleans Inc

Analysis

Unity of Greater New Orleans Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in March 1993, 33 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Unity of Greater New Orleans Inc reported income of $35.5m and spending of $35.7m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $27.3m to $35.5m (+30%), an average of +6.7% a year. The sharpest change came in the year to June 2020, when income rose by 16%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Unity of Greater New Orleans Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within LA. Charities of a similar size with the same main cause include American Society of Heating Refrigerating & A-C Engineers ($35.0m), Rappahannock Goodwill Stores and Services Inc ($35.5m) and Goodwill Industries of Dallas Inc ($35.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $110k (0.3% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $32.5m against liabilities of $18.4m, net assets of $14.0m. It reported 49 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.