Our Lady of Consolation Apartments Inc

Analysis

Our Lady of Consolation Apartments Inc is a registered charity in United States, based in Basile, LA. It received its IRS tax-exemption ruling in February 2008, 18 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Our Lady of Consolation Apartments Inc reported income of $108k and spending of $141k, spending 130% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $81k to $108k (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 131% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Our Lady of Consolation Apartments Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within LA. Charities of a similar size with the same main cause include MJF Housing No 2 Inc ($108k), Allen House Inc ($108k) and South Carthage Manor Inc ($108k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 62% and program service revenue 38% of the total. Other salaries and wages came to $10k. At year end it held assets of $942k against liabilities of $18k, net assets of $925k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.