St Marguerite Marie Alacoque Apartments

Analysis

St Marguerite Marie Alacoque Apartments is a registered charity in United States, based in Kaplan, LA. It received its IRS tax-exemption ruling in September 2014, 12 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, St Marguerite Marie Alacoque Apartments reported income of $101k and spending of $110k, spending 109% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $66k to $101k (+52%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 119% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, St Marguerite Marie Alacoque Apartments sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within LA. Charities of a similar size with the same main cause include Algood Housing Development Corporation ($101k), Chippewa Nonprofit Housing Corporation ($101k) and Gibb Chipley Village Inc ($101k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 57% and program service revenue 43% of the total. Other salaries and wages came to $3,987. At year end it held assets of $983k against liabilities of $69k, net assets of $913k.

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.