Young Audiences of Louisiana Inc

Analysis

Young Audiences of Louisiana Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in December 1963, 63 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 June 2023, Young Audiences of Louisiana Inc reported income of $5.4m and spending of $5.2m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.5m to $5.4m (+53%), an average of +11% a year. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Young Audiences of Louisiana Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within LA. Charities of a similar size with the same main cause include American Oil Chemists Society ($5.4m), Pasadena Symphony Association ($5.4m) and Lockwood-Mathews Mansion Museum of Norwalk Inc ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $252k (4.9% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $2.9m against liabilities of $403k, net assets of $2.5m. It reported 69 employees.