Jefferson Terrace Village of New Iberia Inc

Analysis

Jefferson Terrace Village of New Iberia Inc is a registered charity in United States, based in New Iberia, LA. It received its IRS tax-exemption ruling in July 1992, 34 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 December 2023, Jefferson Terrace Village of New Iberia Inc reported income of $182k and spending of $193k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $110k to $182k (+66%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Jefferson Terrace Village of New Iberia Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within LA. Charities of a similar size with the same main cause include Armenia-Eddy Apartments Inc ($182k), Chester Township Fire Company ($182k) and Centerstone Unlimited ($182k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Other salaries and wages came to $16k. At year end it held assets of $414k against liabilities of $27k, net assets of $388k.

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.