Louisiana Housing Assistance Corporation

Analysis

Louisiana Housing Assistance Corporation is a registered charity in United States, based in Alexandria, LA. It received its IRS tax-exemption ruling in March 1977, 49 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 Housing Assistance Corporation reported income of $4.4m and spending of $4.4m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.6m to $4.4m (+21%), an average of +5.0% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Louisiana Housing Assistance Corporation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within LA. Charities of a similar size with the same main cause include Olive Tree Ministries ($4.4m), Federation of Tax Administrators ($4.4m) and Veterans Bridge Home Inc ($4.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $76k (1.7% of expenses). Other salaries and wages came to $295k. At year end it held assets of $899k against liabilities of $785k, net assets of $114k. It reported 8 employees.