Education Foundation of the Louisiana Restaurant Assoc Inc

Analysis

Education Foundation of the Louisiana Restaurant Assoc Inc is a registered charity in United States, based in Metairie, LA. It received its IRS tax-exemption ruling in June 1998, 28 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, Education Foundation of the Louisiana Restaurant Assoc Inc reported income of $605k and spending of $569k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $518k to $605k (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2021, when income rose by 66%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Education Foundation of the Louisiana Restaurant Assoc Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within LA. Charities of a similar size with the same main cause include Russell J Efros Foundation Inc ($605k), New Albany Symphony Orchestra Inc ($605k) and Duluth Art Institute Association ($604k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 9.4% of the total. Other salaries and wages came to $184k. At year end it held assets of $1.7m against liabilities of $90k, net assets of $1.6m. It reported 3 employees.