Felicity Street Redevelopment Inc
EIN: 721421721 · New Orleans, LA · NTEE: S20
| Metric | Value |
|---|---|
| Total Revenue | $144K |
| Total Expenses | $39K |
| Net Assets | $1.1M |
Is Felicity Street Redevelopment Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Felicity Street Redevelopment Inc
Felicity Street Redevelopment Inc (EIN: 721421721) is a nonprofit organization based in New Orleans, LA, classified under NTEE code S20. The organization reported total revenue of $144K and total assets of $908K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Felicity Street Redevelopment Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Felicity Street Redevelopment Inc is a small nonprofit that has been operating for 27 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -6.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16K |
| Total Expenses | $39K |
| Surplus / Deficit | $-23,041 |
| Total Assets | $1.1M |
| Total Liabilities | $2K |
| Net Assets | $1.1M |
| Operating Margin | -147.1% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 345.3 months |
Financial Health Grade: B
In 2023, Felicity Street Redevelopment Inc reported a deficit of $23K with expenses exceeding revenue, holds 345.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Felicity Street Redevelopment Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1035.0% | -51.9% | -2.2% |
| 2022 | -99.8% | -26.7% | -14.9% |
| 2021 | +12713.1% | +222.9% | +155.3% |
| 2020 | -92.0% | -36.1% | -11.6% |
| 2019 | -75.4% | -65.7% | +12.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Felicity Street Redevelopment Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Felicity Street Redevelopment Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $23K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.2%.
Frequently Asked Questions about Felicity Street Redevelopment Inc
Is Felicity Street Redevelopment Inc a legitimate charity?
Felicity Street Redevelopment Inc (EIN: 721421721) is a registered tax-exempt nonprofit based in Louisiana. It has 14 years of IRS 990 filings on record. Total revenue: $144K. No red flags identified. Financial health grade: B.
How does Felicity Street Redevelopment Inc spend its money?
Felicity Street Redevelopment Inc reported $144K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Felicity Street Redevelopment Inc tax-deductible?
Felicity Street Redevelopment Inc is registered as a tax-exempt nonprofit (EIN: 721421721). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Felicity Street Redevelopment Inc located?
Felicity Street Redevelopment Inc is headquartered in New Orleans, Louisiana and files with the IRS under EIN 721421721. It is classified under NTEE code S20.
How many years of IRS 990 filings does Felicity Street Redevelopment Inc have?
Felicity Street Redevelopment Inc has 14 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 $144K in total revenue.
Filing History
IRS 990 filing history for Felicity Street Redevelopment Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Felicity Street Redevelopment Inc's revenue has declined by 58.6%, moving from $38K to $16K. Total assets increased by 40.1% over the same period, from $795K to $1.1M. Total functional expenses fell by 10.9%, from $43K to $39K. In its most recent filing year (2023), Felicity Street Redevelopment Inc reported a deficit of $23K, with expenses exceeding revenue. The organization holds $2K in liabilities against $1.1M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $16K | $39K | $1.1M | $2K | — | — |
| 2022 | $1K | $80K | $1.1M | $4K | — | — |
| 2021 | $801K | $110K | $1.3M | $127K | — | — |
| 2020 | $6K | $34K | $524K | $4K | — | — |
| 2019 | $78K | $53K | $593K | $45K | — | View 990 |
| 2018 | $319K | $155K | $527K | $4K | — | View 990 |
| 2017 | $48K | $74K | $433K | $74K | — | View 990 |
| 2016 | $75K | $82K | $448K | $63K | — | View 990 |
| 2015 | $104K | $88K | $448K | $55K | — | View 990 |
| 2014 | $134K | $79K | $387K | $11K | — | View 990 |
| 2013 | $79K | $78K | $335K | $15K | — | View 990 |
| 2012 | $57K | $64K | $583K | $258K | — | View 990 |
| 2011 | $47K | $36K | $636K | $303K | — | View 990 |
| 2010 | $38K | $43K | $795K | $256K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16K, expenses of $39K, and assets of $1.1M (revenue +1035.0% year-over-year).
- 2022: Revenue of $1K, expenses of $80K, and assets of $1.1M (revenue -99.8% year-over-year).
- 2021: Revenue of $801K, expenses of $110K, and assets of $1.3M (revenue +12713.1% year-over-year).
- 2020: Revenue of $6K, expenses of $34K, and assets of $524K (revenue -92.0% year-over-year).
- 2019: Revenue of $78K, expenses of $53K, and assets of $593K (revenue -75.4% year-over-year).
- 2018: Revenue of $319K, expenses of $155K, and assets of $527K (revenue +565.0% year-over-year).
- 2017: Revenue of $48K, expenses of $74K, and assets of $433K (revenue -35.8% year-over-year).
- 2016: Revenue of $75K, expenses of $82K, and assets of $448K (revenue -28.5% year-over-year).
- 2015: Revenue of $104K, expenses of $88K, and assets of $448K (revenue -22.2% year-over-year).
- 2014: Revenue of $134K, expenses of $79K, and assets of $387K (revenue +70.3% year-over-year).
- 2013: Revenue of $79K, expenses of $78K, and assets of $335K (revenue +38.9% year-over-year).
- 2012: Revenue of $57K, expenses of $64K, and assets of $583K (revenue +20.1% year-over-year).
- 2011: Revenue of $47K, expenses of $36K, and assets of $636K (revenue +25.0% year-over-year).
- 2010: Revenue of $38K, expenses of $43K, and assets of $795K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Felicity Street Redevelopment Inc:
Data Sources and Methodology
This transparency report for Felicity Street Redevelopment Inc 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.