Cane Pointe Apartments Inc

Analysis

Cane Pointe Apartments Inc is a registered charity in United States, based in Youngsville, LA. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cane Pointe Apartments Inc reported income of $121k and spending of $180k, spending 149% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $97k to $121k (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2022, when income rose by 63%. Over the whole period it spent 121% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cane Pointe Apartments Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within LA. Charities of a similar size with the same main cause include Well of Saginaw ($121k), Ken-Crest Housing Pa 2010 Inc ($121k) and Florence Emergency Cold Weather Shelter Committee ($121k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $20k. At year end it held assets of $1.6m against liabilities of $2.2m, net assets of -$536k. It reported 3 employees.