Greater Baton Rouge Economic Founda Tion

Analysis

Greater Baton Rouge Economic Founda Tion is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in March 1996, 30 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 December 2022, Greater Baton Rouge Economic Founda Tion reported income of $1.4m and spending of $276k, leaving 80% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.9m to $1.4m (-26%), an average of -9.5% a year. The sharpest change came in the year to December 2021, when income rose by 61%. Over the whole period it spent 26% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greater Baton Rouge Economic Founda Tion sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within LA. Charities of a similar size with the same main cause include National Community Development Association ($1.4m), East Calais Community Trust ($1.4m) and Urban Restoration Enhancement Corporation ($1.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 95% and program service revenue 4.6% of the total. At year end it held assets of $10.0m against liabilities of $2.2m, net assets of $7.8m.