The Louisiana Music and Heritage Experience Inc

Analysis

The Louisiana Music and Heritage Experience Inc 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 (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, The Louisiana Music and Heritage Experience Inc reported income of $1.3m and spending of $1.1m, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $221k to $1.3m (+485%), an average of +485% a year. The sharpest change came in the year to December 2023, when income rose by 485%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Louisiana Music and Heritage Experience Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within LA. Charities of a similar size with the same main cause include Theatre at Boston Court ($1.3m), Historic Rivoli Theater Performing Arts Center Restoration Foundation ($1.3m) and O Miami Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 29% of the total. At year end it held assets of $395k against liabilities of $173k, net assets of $222k.