Shreveport Common Inc

Analysis

Shreveport Common Inc is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Shreveport Common Inc reported income of $96k and spending of $101k, spending 105% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $565k to $96k (-83%), an average of -30% a year. The sharpest change came in the year to December 2020, when income dropped by 83%. Over the whole period it spent 52% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Shreveport Common Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within LA. Charities of a similar size with the same main cause include Rhode Island Police Accreditation Commission ($96k), Nevada Speech-Language-Hearing ($96k) and Cape Ann Community Foundation ($96k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $60k (59% of expenses). At year end it held assets of $688k against liabilities of $0, net assets of $688k.

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.