Lede New Orleans Inc

Analysis

Lede New Orleans Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lede New Orleans Inc reported income of $369k and spending of $387k, spending 105% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $45k to $369k (+727%), an average of +188% a year. The sharpest change came in the year to December 2022, when income rose by 858%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lede New Orleans Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within LA. Charities of a similar size with the same main cause include Center for Engaged Scholarship ($369k), The Village a Community Musical Arts Alliance Inc ($369k) and Fallston Country Prek Incorporated ($369k).

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 $191k. At year end it held assets of $305k against liabilities of $0, net assets of $305k.