The Louisiana Center Against Poverty Inc

Analysis

The Louisiana Center Against Poverty Inc is a registered charity in United States, based in Monroe, LA. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, The Louisiana Center Against Poverty Inc reported income of $356k and spending of $370k, spending 104% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $359k to $356k (-0.7%), an average of -0.7% a year. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Louisiana Center Against Poverty Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within LA. Charities of a similar size with the same main cause include Association of Croatian American Professionals Foundation ($356k), West Yellowstone Foundation ($356k) and National Latina Business Women Asso Ciation - Ie Institute ($356k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $87k (24% of expenses). Other salaries and wages came to $153k. At year end it held assets of $41k against liabilities of $43k, net assets of -$2,052. It reported 14 employees.