Old Algiers Main Street Program

Analysis

Old Algiers Main Street Program is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in January 2024, 2 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 May 2023, Old Algiers Main Street Program reported income of $106k and spending of $143k, spending 136% of what it took in. Across the 2 years on record, from May 2022 to May 2023, income fell from $161k to $106k (-34%), an average of -34% a year. The sharpest change came in the year to May 2023, when income dropped by 34%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Old Algiers Main Street Program sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within LA. Charities of a similar size with the same main cause include Alto Economic Development Corporation ($106k), Downtown SRQ Enrichment Inc ($106k) and Oakland Chinatown Chamber Foundation ($106k).

On its Form 990-EZ for the period ending May 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $98k against liabilities of $0, net assets of $98k.