Louisiana First Foundation Inc

Analysis

Louisiana First Foundation Inc is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in August 2017, 9 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 (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 2022, Louisiana First Foundation Inc reported income of $648k and spending of $433k, leaving 33% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $180k to $648k (+261%), an average of +53% a year. The sharpest change came in the year to December 2022, when income rose by 144%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Louisiana First Foundation Inc sits at the 81st percentile: it is larger than about 81% 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 Stockton Civic Theatre a Corp ($648k), Public Radio for the Front Range ($648k) and Pianos for People ($648k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 92% of the total. At year end it held assets of $821k against liabilities of $200k, net assets of $622k.