Gretna Economic Development Association Limited

Analysis

Gretna Economic Development Association Limited is a registered charity in United States, based in Gretna, LA. It received its IRS tax-exemption ruling in September 1994, 32 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, Gretna Economic Development Association Limited reported income of $5.1m and spending of $5.2m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $5.1m (+136%), an average of +24% a year. The sharpest change came in the year to December 2022, when income rose by 244%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gretna Economic Development Association Limited sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within LA. Charities of a similar size with the same main cause include Youthvantage Alliance ($5.1m), Embrella Inc ($5.1m) and California Fire Foundation ($5.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $57k (1.1% of expenses). At year end it held assets of $451k against liabilities of $768k, net assets of -$317k. It reported 26 employees.