Louisiana Folk Roots Inc

Analysis

Louisiana Folk Roots Inc is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in July 2001, 25 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 Folk Roots Inc reported income of $222k and spending of $171k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $246k to $222k (-9.5%), an average of -2.5% a year. The sharpest change came in the year to December 2022, when income rose by 78%. Over the whole period it spent 107% 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 Folk Roots Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within LA. Charities of a similar size with the same main cause include Pleasant Street Civil Rights and Cultural Arts Center Inc ($222k), Wisdom Circles Oceania ($222k) and Portulans Institute ($222k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 70% of the total. Other salaries and wages came to $34k. At year end it held assets of $164k against liabilities of $6,452, net assets of $158k. It reported 1 employees.