Crescent City Carnival Museum Foundation
Crescent City Carnival Museum Foundation faces persistent deficits with expenses significantly outpacing minimal revenue.
EIN: 134347357 · New Orleans, LA · NTEE: A80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $21K |
| Total Expenses | $34K |
| Program Spending | 60% |
| Net Assets | $131K |
| Transparency Score | 45/100 |
Is Crescent City Carnival Museum Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Crescent City Carnival Museum Foundation directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Crescent City Carnival Museum Foundation
Crescent City Carnival Museum Foundation (EIN: 134347357) is a nonprofit organization based in New Orleans, LA, classified under NTEE code A80. The organization reported total revenue of $21K and total assets of $425K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Crescent City Carnival Museum Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Crescent City Carnival Museum Foundation is a micro nonprofit that has been operating for 19 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of -30.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2K |
| Total Expenses | $34K |
| Surplus / Deficit | $-31,943 |
| Total Assets | $419K |
| Total Liabilities | $288K |
| Net Assets | $131K |
| Operating Margin | -1373.9% |
| Debt-to-Asset Ratio | 68.8% |
| Months of Reserves | 146.9 months |
Financial Health Grade: C
In 2023, Crescent City Carnival Museum Foundation reported a deficit of $32K with expenses exceeding revenue, holds 146.9 months of operating reserves (strong position), has a debt-to-asset ratio of 68.8% (high leverage).
Financial Trends
Over 11 years of filings (2013–2023), Crescent City Carnival Museum Foundation's revenue has declined at a compound annual growth rate (CAGR) of -30.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -74.3% | -54.5% | -0.3% |
| 2022 | -84.8% | +85.6% | -13.9% |
| 2021 | +3020.3% | -9.9% | +7.5% |
| 2020 | -95.8% | +9.3% | -0.5% |
| 2019 | +13.6% | +2.1% | +10.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Crescent City Carnival Museum Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 30%
- programs: 60%
- fundraising: 10%
According to IRS 990 filings, Crescent City Carnival Museum Foundation allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $32K, with expenses exceeding revenue.
- Debt-to-asset ratio: 68.8%.
Executive Compensation Analysis
No officer compensation has been reported across all available filings, indicating a volunteer-led organization, which can be efficient but may also limit professional capacity for growth and financial management given the consistent deficits.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Crescent City Carnival Museum Foundation's IRS 990 filings:
- Consistent and significant operating deficits (e.g., $31,943 deficit in 202312).
- Revenue has been declining in recent years, reaching a low of $2,325 in 202312.
- High and increasing liabilities relative to revenue, reaching $288,491 in 202312.
- Lack of detailed expense breakdown to assess program efficiency.
Strengths
The following positive indicators were identified for Crescent City Carnival Museum Foundation:
- Significant asset base ($419,451 in 202312) provides some financial cushion.
- Volunteer-led with no reported officer compensation, indicating dedication and cost-saving on executive salaries.
Frequently Asked Questions about Crescent City Carnival Museum Foundation
Is Crescent City Carnival Museum Foundation a legitimate charity?
Crescent City Carnival Museum Foundation (EIN: 134347357) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 45/100. It has 11 years of IRS 990 filings on record. Total revenue: $21K. 4 red flags identified. 2 strengths noted. Financial health grade: C.
How does Crescent City Carnival Museum Foundation spend its money?
Crescent City Carnival Museum Foundation directs 60% of its spending to programs and services. Fundraising costs 10%. This falls below the 65% benchmark.
Are donations to Crescent City Carnival Museum Foundation tax-deductible?
Crescent City Carnival Museum Foundation is registered as a tax-exempt nonprofit (EIN: 134347357). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Crescent City Carnival Museum Foundation's spending goes to programs?
Crescent City Carnival Museum Foundation directs 60% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Crescent City Carnival Museum Foundation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Crescent City Carnival Museum Foundation is near average for NTEE category A80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Crescent City Carnival Museum Foundation located?
Crescent City Carnival Museum Foundation is headquartered in New Orleans, Louisiana and files with the IRS under EIN 134347357. It is classified under NTEE code A80.
How many years of IRS 990 filings does Crescent City Carnival Museum Foundation have?
Crescent City Carnival Museum Foundation has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $21K in total revenue.
Is Crescent City Carnival Museum Foundation financially sustainable?
Based on the consistent and significant deficits (e.g., $2,325 revenue vs. $34,268 expenses in 202312), the organization's current financial model appears unsustainable without substantial changes in revenue generation or expense reduction.
What is the primary source of the organization's funding?
The provided data only shows total revenue, which is consistently low. Without further detail, it's unclear if funding comes from donations, grants, or program service fees, but the low amounts suggest a struggle in all areas.
How does the organization manage its significant liabilities?
Liabilities have grown significantly over time, reaching $288,491 in 202312. While assets are higher, the increasing debt load in the face of low revenue is a concern and suggests potential reliance on loans or deferred obligations.
What are the specific program activities and their costs?
The provided data does not offer a breakdown of expenses into program, administrative, or fundraising categories, making it impossible to assess the efficiency of program spending directly from these filings.
Filing History
IRS 990 filing history for Crescent City Carnival Museum Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Crescent City Carnival Museum Foundation's revenue has declined by 97.4%, moving from $91K to $2K. Total assets increased by 37.8% over the same period, from $304K to $419K. Total functional expenses rose by 1123.4%, from $3K to $34K. In its most recent filing year (2023), Crescent City Carnival Museum Foundation reported a deficit of $32K, with expenses exceeding revenue. The organization holds $288K in liabilities against $419K in assets (debt-to-asset ratio: 68.8%), resulting in net assets of $131K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2K | $34K | $419K | $288K | — | — |
| 2022 | $9K | $75K | $421K | $258K | — | View 990 |
| 2021 | $60K | $41K | $489K | $260K | — | View 990 |
| 2020 | $2K | $45K | $455K | $244K | — | — |
| 2019 | $46K | $41K | $457K | $203K | — | View 990 |
| 2018 | $40K | $40K | $415K | $166K | — | View 990 |
| 2017 | $21K | $45K | $378K | $129K | — | View 990 |
| 2016 | $45K | $33K | $359K | $86K | — | View 990 |
| 2015 | $110K | $32K | $436K | $175K | — | View 990 |
| 2014 | $27K | $3K | $328K | $109K | — | View 990 |
| 2013 | $91K | $3K | $304K | $109K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2K, expenses of $34K, and assets of $419K (revenue -74.3% year-over-year).
- 2022: Revenue of $9K, expenses of $75K, and assets of $421K (revenue -84.8% year-over-year).
- 2021: Revenue of $60K, expenses of $41K, and assets of $489K (revenue +3020.3% year-over-year).
- 2020: Revenue of $2K, expenses of $45K, and assets of $455K (revenue -95.8% year-over-year).
- 2019: Revenue of $46K, expenses of $41K, and assets of $457K (revenue +13.6% year-over-year).
- 2018: Revenue of $40K, expenses of $40K, and assets of $415K (revenue +87.6% year-over-year).
- 2017: Revenue of $21K, expenses of $45K, and assets of $378K (revenue -52.2% year-over-year).
- 2016: Revenue of $45K, expenses of $33K, and assets of $359K (revenue -59.2% year-over-year).
- 2015: Revenue of $110K, expenses of $32K, and assets of $436K (revenue +308.7% year-over-year).
- 2014: Revenue of $27K, expenses of $3K, and assets of $328K (revenue -70.4% year-over-year).
- 2013: Revenue of $91K, expenses of $3K, and assets of $304K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Crescent City Carnival Museum Foundation:
Data Sources and Methodology
This transparency report for Crescent City Carnival Museum Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.