Free Nola Incorporated

Analysis

Free Nola Incorporated is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in October 2018, 8 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, Free Nola Incorporated reported income of $154k and spending of $97k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $85k to $154k (+81%), an average of +81% a year. The sharpest change came in the year to December 2023, when income rose by 81%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Free Nola Incorporated sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within LA. Charities of a similar size with the same main cause include Kappa Sigma Pi of West Virginia ($154k), Ewc Adopt-A-Block Outreach ($154k) and Fort Huachuca Community Thrift Shop ($154k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $96k against liabilities of $1,646, net assets of $95k.