Metairie Manor III Inc

Analysis

Metairie Manor III Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 June 2024, Metairie Manor III Inc reported income of $771k and spending of $872k, spending 113% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $536k to $771k (+44%), an average of +9.5% a year. The sharpest change came in the year to June 2024, when income rose by 31%. Over the whole period it spent 118% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Metairie Manor III Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within LA. Charities of a similar size with the same main cause include Little Rock Chamber Foundation Term ($771k), Council Bluffs Public Library Foundation ($771k) and Christian Business Mens Committee International Inc ($771k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $115k. At year end it held assets of $2.9m against liabilities of $5.3m, net assets of -$2.4m.

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.