Foundation for Excellence in Louisiana Public Broadcasting

Analysis

Foundation for Excellence in Louisiana Public Broadcasting is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2024, Foundation for Excellence in Louisiana Public Broadcasting reported income of $7.9m and spending of $7.0m, spending 89% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $8.3m to $7.9m (-5.1%), an average of -1.0% a year. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Foundation for Excellence in Louisiana Public Broadcasting sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within LA. Charities of a similar size with the same main cause include Center for Environmental Health Monitoring and Management ($7.9m), Ser-Jobs for Progress Inc - San Joaquin Valley ($7.9m) and Austin Film Society ($7.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 56% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $24k (0.3% of expenses). At year end it held assets of $58.1m against liabilities of $110k, net assets of $58.0m.