South Pointe Phase II Inc

Analysis

South Pointe Phase II Inc is a registered charity in United States, based in Monroe, LA. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2024, South Pointe Phase II Inc reported income of $229k and spending of $341k, spending 149% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $163k to $229k (+40%), an average of +8.8% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 158% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, South Pointe Phase II Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within LA. Charities of a similar size with the same main cause include Lassiter Touchdown Club Inc ($229k), Zichron Zvi Chesed Fund ($229k) and Bryan County United Way ($228k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $53k. At year end it held assets of $1.5m against liabilities of $2.7m, 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.