Loop Nola
EIN: 475432248 · New Orleans, LA · NTEE: B90
| Metric | Value |
|---|---|
| Total Revenue | $413K |
| Total Expenses | $300K |
| Net Assets | $55K |
Is Loop Nola Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Loop Nola
Loop Nola (EIN: 475432248) is a nonprofit organization based in New Orleans, LA, classified under NTEE code B90. The organization reported total revenue of $413K and total assets of $152K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Loop Nola's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Loop Nola is a small nonprofit that has been operating for 11 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 12.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $234K |
| Total Expenses | $300K |
| Surplus / Deficit | $-65,877 |
| Total Assets | $88K |
| Total Liabilities | $33K |
| Net Assets | $55K |
| Operating Margin | -28.2% |
| Debt-to-Asset Ratio | 37.2% |
| Months of Reserves | 3.5 months |
Financial Health Grade: B
In 2023, Loop Nola reported a deficit of $66K with expenses exceeding revenue, holds 3.5 months of operating reserves (adequate), has a debt-to-asset ratio of 37.2% (moderate leverage).
Financial Trends
Over 9 years of filings (2015–2023), Loop Nola's revenue has grown at a compound annual growth rate (CAGR) of 12.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -22.9% | +14.7% | -29.4% |
| 2022 | +18.2% | +5.9% | +11.7% |
| 2021 | +4.9% | -2.5% | +5.4% |
| 2020 | -9.4% | -3.6% | +30.9% |
| 2019 | +39.9% | +14.4% | +2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Loop Nola 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 Loop Nola 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 $66K, with expenses exceeding revenue.
- Debt-to-asset ratio: 37.2%.
Frequently Asked Questions about Loop Nola
Is Loop Nola a legitimate charity?
Loop Nola (EIN: 475432248) is a registered tax-exempt nonprofit based in Louisiana. It has 9 years of IRS 990 filings on record. Total revenue: $413K. No red flags identified. Financial health grade: B.
How does Loop Nola spend its money?
Loop Nola reported $413K in total revenue in IRS 990 filings. 9 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Loop Nola tax-deductible?
Loop Nola is registered as a tax-exempt nonprofit (EIN: 475432248). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Loop Nola located?
Loop Nola is headquartered in New Orleans, Louisiana and files with the IRS under EIN 475432248. It is classified under NTEE code B90.
How many years of IRS 990 filings does Loop Nola have?
Loop Nola has 9 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 $413K in total revenue.
Filing History
IRS 990 filing history for Loop Nola showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Loop Nola's revenue has grown by 154.6%, moving from $92K to $234K. Total assets decreased by 2.9% over the same period, from $91K to $88K. Total functional expenses rose by 253.1%, from $85K to $300K. In its most recent filing year (2023), Loop Nola reported a deficit of $66K, with expenses exceeding revenue. The organization holds $33K in liabilities against $88K in assets (debt-to-asset ratio: 37.2%), resulting in net assets of $55K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $234K | $300K | $88K | $33K | — | — |
| 2022 | $304K | $261K | $125K | $4K | — | View 990 |
| 2021 | $257K | $247K | $112K | $33K | — | — |
| 2020 | $245K | $253K | $106K | $36K | — | View 990 |
| 2019 | $270K | $263K | $81K | $2K | — | View 990 |
| 2018 | $193K | $230K | $79K | $90 | — | View 990 |
| 2017 | $248K | $198K | $118K | $36K | — | View 990 |
| 2016 | $92K | $85K | $91K | $76K | — | View 990 |
| 2015 | $92K | $85K | $91K | $76K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $234K, expenses of $300K, and assets of $88K (revenue -22.9% year-over-year).
- 2022: Revenue of $304K, expenses of $261K, and assets of $125K (revenue +18.2% year-over-year).
- 2021: Revenue of $257K, expenses of $247K, and assets of $112K (revenue +4.9% year-over-year).
- 2020: Revenue of $245K, expenses of $253K, and assets of $106K (revenue -9.4% year-over-year).
- 2019: Revenue of $270K, expenses of $263K, and assets of $81K (revenue +39.9% year-over-year).
- 2018: Revenue of $193K, expenses of $230K, and assets of $79K (revenue -22.0% year-over-year).
- 2017: Revenue of $248K, expenses of $198K, and assets of $118K (revenue +169.6% year-over-year).
- 2016: Revenue of $92K, expenses of $85K, and assets of $91K (revenue +0.0% year-over-year).
- 2015: Revenue of $92K, expenses of $85K, and assets of $91K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Loop Nola:
Data Sources and Methodology
This transparency report for Loop Nola 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.