1542 Constance Street LLC

Analysis

1542 Constance Street LLC is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, 1542 Constance Street LLC reported income of $62k and spending of $455k, spending 729% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $67k to $62k (-6.5%), an average of -1.7% a year. The sharpest change came in the year to June 2022, when income rose by 13693%. Over the whole period it spent 28% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, 1542 Constance Street LLC sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 25th percentile within LA. Charities of a similar size with the same main cause include Whisler Law Firm Foundation ($62k), Grace Discipleship Inc ($63k) and Fish Inc ($62k).

At year end it held assets of $10.6m against liabilities of $1.1m, net assets of $9.5m.