Pontchartrain Housing Corp I

Analysis

Pontchartrain Housing Corp I is a registered charity in United States, based in Metairie, LA. It received its IRS tax-exemption ruling in July 2001, 25 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 2023, Pontchartrain Housing Corp I reported income of $287k and spending of $891k, spending 311% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $413k to $287k (-31%), an average of -8.7% a year. The sharpest change came in the year to June 2022, when income dropped by 111%. Over the whole period it spent 351% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pontchartrain Housing Corp I sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within LA. Charities of a similar size with the same main cause include Lincoln Foundation Inc ($287k), Chadwick Apartments Inc ($287k) and Nur Center ($286k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.3% and program service revenue 90% of the total. At year end it held assets of $14.9m against liabilities of $728k, net assets of $14.2m.

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.