South Pointe Phase III Inc

Analysis

South Pointe Phase III Inc is a registered charity in United States, based in Monroe, LA. It received its IRS tax-exemption ruling in February 2006, 20 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 (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 2023, South Pointe Phase III Inc reported income of $173k and spending of $292k, spending 169% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $132k to $173k (+32%), an average of +9.6% a year. The sharpest change came in the year to June 2023, when income rose by 32%. Over the whole period it spent 180% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, South Pointe Phase III 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 51st percentile, and in the 49th percentile within LA. Charities of a similar size with the same main cause include Laurel Housing Associates ($173k), Asi Fort Collins Inc ($174k) and Agape Foundation ($173k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $32k. At year end it held assets of $2.1m against liabilities of $3.2m, net assets of -$1.1m.

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.