Culture Aid Nola

Analysis

Culture Aid Nola is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in July 2020, 6 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 (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 2022, Culture Aid Nola reported income of $2.1m and spending of $2.4m, spending 112% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income grew from $1.8m to $2.1m (+18%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Culture Aid Nola sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within LA. Charities of a similar size with the same main cause include Southern Highland Handicraft Guild Inc ($2.1m), National Association of Watch and Clock Collectors Inc ($2.1m) and Maryland Theatre Association Inc ($2.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $69k (2.9% of expenses). Other salaries and wages came to $128k. At year end it held assets of $338k against liabilities of $2,166, net assets of $336k. It reported 3 employees.