Cher-Ami Homes Gretna Louisiana Inc

Analysis

Cher-Ami Homes Gretna Louisiana Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in April 1991, 35 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 June 2023, Cher-Ami Homes Gretna Louisiana Inc reported income of $465k and spending of $465k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $400k to $465k (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2022, when income rose by 16%. 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, Cher-Ami Homes Gretna Louisiana Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within LA. Charities of a similar size with the same main cause include Nami Alaska Incorporated ($465k), Hawaii Childrens Cancer Foundation ($465k) and Higher Aim ($465k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.7% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $185k (40% of expenses). At year end it held assets of $0 against liabilities of $0, net assets of $0.