Louisiana National Guard Foundation

Analysis

Louisiana National Guard Foundation is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 June 2023, Louisiana National Guard Foundation reported income of $6.3m and spending of $6.0m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.9m to $6.3m (+59%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 399%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Louisiana National Guard Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within LA. Charities of a similar size with the same main cause include South Central Montana Regional Mental Health Center ($6.3m), John Bartram Association ($6.3m) and Mary Anderson Trust ($6.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $95k (1.6% of expenses). At year end it held assets of $6.0m against liabilities of $135k, net assets of $5.9m.