Krewe of Nefertiti

Analysis

Krewe of Nefertiti is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in January 2022, 4 years ago. 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 Nefertiti reported income of $224k and spending of $247k, spending 111% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $142k to $224k (+57%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Krewe of Nefertiti sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within LA. Charities of a similar size with the same main cause include International Institute of Gurmat Studies Inc ($223k), Little League Baseball Inc ($224k) and Mha Housing of Eastern North Carolina Inc ($223k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $34k against liabilities of $9,154, net assets of $25k.