Iberia Homeless Shelter Inc

Analysis

Iberia Homeless Shelter Inc is a registered charity in United States, based in New Iberia, LA. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Iberia Homeless Shelter Inc reported income of $160k and spending of $176k, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $113k to $160k (+42%), an average of +9.1% a year. The sharpest change came in the year to June 2022, when income rose by 174%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Iberia Homeless Shelter Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within LA. Charities of a similar size with the same main cause include Flourish Ministries Inc ($160k), Brushy Creek Area Honor Flight Inc ($161k) and Luis Zendejas Foundation ($160k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% of the total. Other salaries and wages came to $41k. At year end it held assets of $358k against liabilities of $2,642, net assets of $356k. It reported 2 employees.