Pontchartrain Housing Corp III

Analysis

Pontchartrain Housing Corp III 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 III reported income of $1.1m and spending of $1.4m, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.1m (+4.9%), an average of +1.2% a year. The sharpest change came in the year to June 2022, when income rose by 180%. Over the whole period it spent 85% 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 III sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within LA. Charities of a similar size with the same main cause include Housing Enterprises of Anne Arundel County Inc ($1.1m), Caritas Community Housing Corporation ($1.1m) and Bethany Homes Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $9.6m against liabilities of $3.5m, net assets of $6.1m.