South Pointe IV Inc

Analysis

South Pointe IV Inc is a registered charity in United States, based in Monroe, LA. It received its IRS tax-exemption ruling in March 2011, 15 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 June 2023, South Pointe IV Inc reported income of $232k and spending of $360k, spending 156% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $146k to $232k (+59%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 51%. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, South Pointe IV Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within LA. Charities of a similar size with the same main cause include Better Community Housing of Trenton Inc ($232k), Switzerland County Housing Inc ($232k) and North Topeka Housing Corporation ($232k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $18k. At year end it held assets of $3.4m against liabilities of $2.2m, net assets of $1.2m.

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.