New Orleans Jazz & Heritage Foundation Inc: $53.2M Revenue, $40.8M Program Expenses
New Orleans, Louisiana · EIN 720692744 · Filing year 2023
New Orleans Jazz & Heritage Foundation Inc reported $53.2M in total revenue, $52.3M in total expenses, and $45.0M in total assets on its 2023 IRS Form 990. 78.0% of expenses ($40.8M) went directly to programs. Top officer compensation is not reported on this 990 filing. Overall efficiency grade: B (77/100).
Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.
Key Facts (2023 Form 990)
- Total Revenue
- $53.2M
- Total Expenses
- $52.3M
- Program Expenses
- $40.8M
- Program Expense Ratio
- 78.0%
- Total Assets
- $45.0M
- Reserve Months
- 10.3 months
- EIN
- 720692744
- Latest 990 Year
- 2023
- Top Officer Compensation
- Not reported
New Orleans Jazz & Heritage Foundation Inc grades a B on the nonprofit efficiency rubric. 77/100 on the composite — above the national median, with strong performance on some factors balanced by middling performance on others.
At $53.2M in 2023 revenue, New Orleans Jazz & Heritage Foundation Inc sits in the mid-range of the U.S. nonprofit distribution. Most organizations of this scale operate regionally or focus on a single program area. New Orleans Jazz & Heritage Foundation Inc directs 80% of its expenses to programs — above the third-party-rater threshold for an efficient organization.
Five-year revenue has grown modestly. New Orleans Jazz & Heritage Foundation Inc is not expanding rapidly but is not shrinking either; the trajectory is consistent with stable donor and grant relationships. CEO compensation is reported as zero in the filing — typical for nonprofits where the chief executive is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. New Orleans Jazz & Heritage Foundation Inc sits in the cultural-nonprofit sector (Arts, Culture & Humanities). Museum, performing-arts, and cultural organizations carry distinctive financial patterns — earned revenue from ticket sales and admissions, plus a heavy reliance on endowment income and major donor cycles.
How New Orleans Jazz & Heritage Foundation Inc Compares
New Orleans Jazz & Heritage Foundation Inc directs 78.0% of spending to programs, meeting the 65% minimum recommended by charity watchdogs. Its efficiency score of 77/100 is 8 points above the Arts, Culture & Humanities category average. The organization holds 10.3 months of operating reserves, indicating strong financial stability.
Where Your Donation Goes
Based on IRS tax-exempt organization data, for every dollar donated to New Orleans Jazz & Heritage Foundation Inc, approximately 78.0 cents goes directly to program activities. The remaining funds cover administrative costs, fundraising, and management expenses.
Revenue History
New Orleans Jazz & Heritage Foundation Inc has an Efficiency Score of B (77/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.
New Orleans Jazz & Heritage Foundation Inc, Donor FAQ
New Orleans Jazz & Heritage Foundation Inc has an Efficiency Score of B (77/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.
CEO/officer compensation for New Orleans Jazz & Heritage Foundation Inc is not reported in the most recent IRS 990 filing on file.
New Orleans Jazz & Heritage Foundation Inc reported $53.2M in annual revenue and $52.3M in total expenses for filing year 2023. The organization holds $45.0M in total assets.
For every dollar donated to New Orleans Jazz & Heritage Foundation Inc, approximately 78.0 cents goes to program activities. The organization has 10.3 months of operating reserves, providing financial stability to sustain its mission.
New Orleans Jazz & Heritage Foundation Inc is a registered 501(c) organization with EIN 720692744, based in New Orleans, Louisiana. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.
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Financial data is sourced from IRS 990 filings via ProPublica Nonprofit Explorer. Efficiency Scores combine program spending ratio (50%), revenue growth (20%), reserve months (20%), and CEO compensation ratio (10%). Filing data may lag 6-18 months from the tax year.