First Louisiana-Mississippi Inc

Analysis

First Louisiana-Mississippi Inc is a registered charity in United States, based in Metairie, LA. It received its IRS tax-exemption ruling in October 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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, First Louisiana-Mississippi Inc reported income of $232k and spending of $265k, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $147k to $232k (+57%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 82%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, First Louisiana-Mississippi Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within LA. Charities of a similar size with the same main cause include Edmonds Woodway High School Athletic Booster Club ($232k), Informed Horizons Education Inc ($232k) and Allatoona Band Booster Association ($232k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 28% of the total. At year end it held assets of $252k against liabilities of $88k, net assets of $164k.