Ubuntu Village Nola

Analysis

Ubuntu Village Nola is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Ubuntu Village Nola reported income of $666k and spending of $454k, leaving 32% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $366k to $666k (+82%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 466%. Over the whole period it spent 65% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ubuntu Village Nola sits at the 69th percentile: it is larger than about 69% 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 Sarah House Inc ($666k), Children First of Cleveland ($666k) and Ruth Project Ministries ($666k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $104k (23% of expenses). Other salaries and wages came to $249k. At year end it held assets of $698k against liabilities of $21k, net assets of $677k. It reported 7 employees.