Friends of the Cabildo Inc

Analysis

Friends of the Cabildo Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in February 1961, 65 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of the Cabildo Inc reported income of $439k and spending of $465k, spending 106% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $335k to $439k (+31%), an average of +9.4% a year. The sharpest change came in the year to June 2021, when income rose by 61%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Cabildo Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within LA. Charities of a similar size with the same main cause include Owsley County Housing Assn ($439k), Nada Foundation ($439k) and Pregnancy Resource Center of Stanly County Inc ($439k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $80k (17% of expenses). Other salaries and wages came to $68k. At year end it held assets of $811k against liabilities of $14k, net assets of $797k. It reported 5 employees.