Le Vision Community Development Corporation

Analysis

Le Vision Community Development Corporation is a registered charity in United States, based in Alexandria, LA. It received its IRS tax-exemption ruling in December 1998, 28 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 2021, Le Vision Community Development Corporation reported income of $103k and spending of $126k, spending 122% of what it took in. Across the 3 years on record, from December 2019 to December 2021, income grew from $91k to $103k (+14%), an average of +6.5% a year. Over the whole period it spent 111% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Le Vision Community Development Corporation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within LA. Charities of a similar size with the same main cause include Mosaic Housing Corp XII ($103k), Judes Place Apartments Inc ($103k) and Northport Movin Out Inc ($103k).

On its Form 990 for the period ending December 2021, revenue came from program service revenue 100% of the total. Other salaries and wages came to $18k. At year end it held assets of $381k against liabilities of $39k, net assets of $342k. It reported 1 employees.

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.