Louisiana Asset Management Pool Inc

Analysis

Louisiana Asset Management Pool Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in October 2020, 6 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Louisiana Asset Management Pool Inc reported income of $7.7m and spending of $2.7m, leaving 65% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $2.3m to $7.7m (+228%), an average of +49% a year. The sharpest change came in the year to December 2023, when income rose by 98%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Louisiana Asset Management Pool Inc sits at the 94th percentile: it is larger than about 94% 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 Harrington Cancer and Health Foundation ($7.7m), Midwest Women and Childrens Services ($7.7m) and Glendale Prepatory Academy ($7.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $514k (19% of expenses). Other salaries and wages came to $106k. At year end it held assets of $7.3m against liabilities of $479k, net assets of $6.9m. It reported 3 employees.