Ouachita Grand Plaza Inc

Analysis

Ouachita Grand Plaza Inc is a registered charity in United States, based in Monroe, LA. It received its IRS tax-exemption ruling in July 1985, 41 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 June 2023, Ouachita Grand Plaza Inc reported income of $786k and spending of $836k, spending 106% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $712k to $786k (+10%), an average of +3.3% a year. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ouachita Grand Plaza Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within LA. Charities of a similar size with the same main cause include The Red & Black Publishing Company Inc ($786k), St Petersburg Aquatics Inc ($786k) and The Street Trust Community Fund ($786k).

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 $131k. At year end it held assets of $1.2m against liabilities of $2.7m, net assets of -$1.4m.

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.