Friends of Treme Culture

Analysis

Friends of Treme Culture is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of Treme Culture reported income of $219k and spending of $178k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $216k to $219k (+1.3%), an average of +1.3% a year. Over the whole period it spent 63% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of Treme Culture sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within LA. Charities of a similar size with the same main cause include Harmon Recovery Foundation ($219k), Albany Live Inc ($219k) and North American Artist Foundation ($219k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. At year end it held assets of $155k against liabilities of -$5,000, net assets of $160k.