Louisiana Home Inc

Analysis

Louisiana Home Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in October 1981, 45 years ago. 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 September 2023, Louisiana Home Inc reported income of $1.2m and spending of $1.1m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $3.5m to $1.2m (-66%), an average of -24% a year. The sharpest change came in the year to September 2021, when income dropped by 50%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Louisiana Home Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within MI. Charities of a similar size with the same main cause include Christus Foundation Shreveport-Bossier ($1.2m), Court Community Service ($1.2m) and Sacramento Community Cable Foundation ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $633k. At year end it held assets of $95k against liabilities of $95k, net assets of $0. It reported 70 employees.