Louisiana State Cotton Museum Foundation Inc

Analysis

Louisiana State Cotton Museum Foundation Inc is a registered charity in United States, based in LK Providence, LA. It received its IRS tax-exemption ruling in January 1995, 31 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 (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 State Cotton Museum Foundation Inc reported income of $116k and spending of $33k, leaving 71% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $83k to $116k (+39%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 58% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Louisiana State Cotton Museum Foundation Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within LA. Charities of a similar size with the same main cause include Heritage Preservation Trust of Newtown Inc ($116k), The Good Listening Project ($116k) and Appalachian South Folklife Center Inc ($116k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $394k against liabilities of $0, net assets of $394k.