First Evangelist Housing and Community Development Corporation

Analysis

First Evangelist Housing and Community Development Corporation is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in March 1995, 31 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, First Evangelist Housing and Community Development Corporation reported income of $483k and spending of $999k, spending 207% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $724k to $483k (-33%), an average of -13% a year. The sharpest change came in the year to December 2022, when income dropped by 24%. Over the whole period it spent 132% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, First Evangelist Housing and Community Development Corporation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within LA. Charities of a similar size with the same main cause include Sun Beam Community Development Corp ($483k), Bible Students Retirement Centers ($483k) and Smiles Charity Inc ($483k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 22% and program service revenue 67% of the total. Other salaries and wages came to $2,944. At year end it held assets of $3.2m against liabilities of $4.3m, net assets of -$1.1m.

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.