Rouquette III Inc

Analysis

Rouquette 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).

In the financial year ending June 2024, Rouquette III Inc reported income of $666k and spending of $648k, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $377k to $666k (+77%), an average of +15% a year. The sharpest change came in the year to June 2024, when income rose by 30%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rouquette III Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within LA. Charities of a similar size with the same main cause include White County Senior Citizens Center Inc ($666k), Operation Pay It Forward ($666k) and The Clifton Institute Inc ($666k).

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 $105k. At year end it held assets of $2.3m against liabilities of $3.9m, net assets of -$1.6m.