Krewe of Red Beans

Analysis

Krewe of Red Beans is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in March 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 2023, Krewe of Red Beans reported income of $711k and spending of $714k, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $1.8m to $711k (-61%), an average of -27% a year. The sharpest change came in the year to December 2022, when income dropped by 63%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Krewe of Red Beans sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within LA. Charities of a similar size with the same main cause include Armstrong Air & Space Museum Associations Inc ($711k), National Postdoctoral Assoication ($711k) and Shakespeares Associates Inc ($711k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. It paid $15k in professional fundraising fees. At year end it held assets of $3.5m against liabilities of $3.1m, net assets of $437k. It reported 3 employees.