Louisiana Chamber of Commerce Foundation Inc

Analysis

Louisiana Chamber of Commerce Foundation Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 December 2023, Louisiana Chamber of Commerce Foundation Inc reported income of $3.1m and spending of $1.2m, leaving 60% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $265k to $3.1m (+1067%), an average of +127% a year. The sharpest change came in the year to December 2023, when income rose by 273%. Over the whole period it spent 51% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Louisiana Chamber of Commerce Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within LA. Charities of a similar size with the same main cause include Brookings Area United Way ($3.1m), Livermore Lab Foundation ($3.1m) and Capstone Legacy Foundation Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $461k. At year end it held assets of $2.3m against liabilities of $22k, net assets of $2.2m.