Northwest Louisiana Community Development Corporation

Analysis

Northwest Louisiana Community Development Corporation is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in September 2002, 24 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 2023, Northwest Louisiana Community Development Corporation reported income of $2.0m and spending of $1.9m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $722k to $2.0m (+178%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 702%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Northwest Louisiana Community Development Corporation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within LA. Charities of a similar size with the same main cause include Lincoln Towers Housing Development Fund Corporation ($2.0m), Jones Senior Homes Inc ($2.0m) and Willow Grove Community Development Corporation ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 7.2% of the total. Other salaries and wages came to $722k. At year end it held assets of $1.8m against liabilities of $315k, net assets of $1.4m. It reported 49 employees.