Recreation & Sports
(N113)
IRS Verified
DX Registered
990 on File
NEW ORLEANS RECREATION DEVELOPMENT FOUNDATION
Financial strength (30%)
84/100
Reliability (20%)
50/100
Effectiveness (25%)
90/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
The purpose of the New Orleans Recreation Development Foundation (NORD Foundation) is to facilitate investment in the New Orleans Recreation Development Commission (NORDC) to provide equal access to quality recreational opportunities. Our work supports NORDC’s mission to advance the physical, mental, and social well-being of New Orleanians by providing safe and welcoming environments for recreational, athletic, and cultural experiences.
Financial Overview — FY 2023
$1.1M
Total Revenue
$1.0M
Total Expenses
$1.0M
Net Assets
1
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
92.5%
Fundraising Efficiency
N/A
Operating Reserve
11.65x
Liability-to-Asset
0.1%
Revenue Diversification
99.9%
Executive Compensation
$0
Compared with Peers
FY 2023
Compared with 2,002 similar organizations
(United States, Recreation & Sports, $1M–$10M in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
92.5% | 87.3% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
4.5% | 9.6% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
3.0% | 0.0% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
11.7 mo | 8.5 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.1% | 11.0% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
99.9% | 90.1% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
201.8% | 10.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
86.9% | 13.3% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
7.1% | 2.8% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $1.1M | $1.0M | $1.0M | 92.5% | 1 |
| 2022 | $374K | $562K | $938K | 74.1% | 1 |
| 2021 | $766K | $485K | N/A | — | 1 |
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