Cane Manor Inc

Analysis

Cane Manor Inc is a registered charity in United States, based in Youngsville, LA. It received its IRS tax-exemption ruling in April 2009, 17 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 2023, Cane Manor Inc reported income of $113k and spending of $155k, spending 136% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $99k to $113k (+15%), an average of +3.5% a year. The sharpest change came in the year to June 2021, when income rose by 53%. 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, Cane Manor Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within LA. Charities of a similar size with the same main cause include Golden Age Apartments Inc ($113k), Warm Supportive Homes Inc ($113k) and Desert Willow Apartments ($113k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. Other salaries and wages came to $30k. At year end it held assets of $1.3m against liabilities of $1.7m, net assets of -$454k. It reported 2 employees.

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.