Rebuilding Together New Orleans Inc

Analysis

Rebuilding Together New Orleans Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in March 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, Rebuilding Together New Orleans Inc reported income of $3.4m and spending of $3.0m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $3.4m (+175%), an average of +29% a year. The sharpest change came in the year to December 2020, when income rose by 203%. Over the whole period it spent 64% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Rebuilding Together New Orleans Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within LA. Charities of a similar size with the same main cause include Youngstown Foundation ($3.4m), Judi and Steven B Fader Family Foundation ($3.4m) and Jewish Community Foundation of ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $188k (6.2% of expenses). Other salaries and wages came to $582k. At year end it held assets of $5.1m against liabilities of $81k, net assets of $5.0m. It reported 22 employees.