University of New Orleans Research & Technology Foundation Inc

Analysis

University of New Orleans Research & Technology Foundation Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 2023, University of New Orleans Research & Technology Foundation Inc reported income of $10.7m and spending of $11.2m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $11.1m to $10.7m (-3.6%), an average of -0.9% a year. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, University of New Orleans Research & Technology Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within LA. Charities of a similar size with the same main cause include The Montrose Center ($10.7m), Advanced Urologic Associates Inc ($10.7m) and Northwest Essex Community Healthcare Network Inc ($10.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.4% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $259k (2.3% of expenses). Other salaries and wages came to $505k. At year end it held assets of $82.8m against liabilities of $31.2m, net assets of $51.6m. It reported 20 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.