Louisiana Pediatric Cardiology Foundation

Analysis

Louisiana Pediatric Cardiology Foundation is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2021, Louisiana Pediatric Cardiology Foundation reported income of $190k and spending of $137k, leaving 28% of income unspent that year. Across the 3 years on record, from December 2019 to December 2021, income fell from $222k to $190k (-14%), an average of -7.4% a year. The sharpest change came in the year to December 2020, when income dropped by 18%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Louisiana Pediatric Cardiology Foundation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within LA. Charities of a similar size with the same main cause include Patrons of the Performing Arts at Washington High School ($190k), Autm Foundation ($191k) and Illinois Association of Junior High Student Councils ($190k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 56% of the total. Compensation of current officers, directors and key employees was $60k (44% of expenses). Other salaries and wages came to $16k. At year end it held assets of $1.1m against liabilities of $1,291, net assets of $1.1m. It reported 2 employees.