Natchitoches Thomas Apartments Inc

Analysis

Natchitoches Thomas Apartments Inc is a registered charity in United States, based in Natchitoches, LA. It received its IRS tax-exemption ruling in April 1983, 43 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 June 2024, Natchitoches Thomas Apartments Inc reported income of $806k and spending of $1.0m, spending 126% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.1m to $806k (-26%), an average of -7.2% a year. The sharpest change came in the year to June 2022, when income dropped by 31%. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Natchitoches Thomas Apartments Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within LA. Charities of a similar size with the same main cause include Macedonia Community Developmentcorporation of South Brevard ($805k), Good Neighbors Housing Inc ($806k) and Charles River Episcopal Co-Housing Endeavor Inc ($805k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 78% and program service revenue 22% of the total. Other salaries and wages came to $169k. At year end it held assets of $1.1m against liabilities of $2.9m, net assets of -$1.8m. It reported 17 employees.

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.