Our Lady of the Assumption Apartments

Analysis

Our Lady of the Assumption Apartments is a registered charity in United States, based in Abbeville, LA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 the Assumption Apartments reported income of $85k and spending of $100k, spending 117% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $43k to $85k (+97%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 50%. Over the whole period it spent 129% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Our Lady of the Assumption Apartments sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 32nd percentile within LA. Charities of a similar size with the same main cause include Project Change ($85k), Africa Community Foundation ($85k) and International Pathology Services Inc ($85k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 67% and program service revenue 33% of the total. Other salaries and wages came to $7,783. At year end it held assets of $1.0m against liabilities of $41k, net assets of $985k.

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.