Cohabitat Foundation

Analysis

Cohabitat Foundation is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in July 2010, 16 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Cohabitat Foundation reported income of $304k and spending of $319k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $261k to $304k (+17%), an average of +3.9% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 110% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cohabitat Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within LA. Charities of a similar size with the same main cause include Westfield Service League ($304k), Lifeskills Industries Inc ($305k) and Techqueria ($304k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $88k (28% of expenses). At year end it held assets of $262k against liabilities of $147k, net assets of $115k. It reported 1 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.