South Pointe Housing Inc

Analysis

South Pointe Housing Inc is a registered charity in United States, based in Monroe, LA. It received its IRS tax-exemption ruling in September 2000, 26 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, South Pointe Housing Inc reported income of $181k and spending of $263k, spending 145% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $136k to $181k (+33%), an average of +7.3% a year. The sharpest change came in the year to June 2023, when income rose by 33%. Over the whole period it spent 164% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, South Pointe Housing Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within LA. Charities of a similar size with the same main cause include Deerfield Beach Family Empowerment Inc ($180k), Edencare Personal Assistance Services ($181k) and Samaritan Outreach Center ($180k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $35k. At year end it held assets of $1.1m against liabilities of $2.3m, net assets of -$1.2m.

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.