Ferriday Place II Inc

Analysis

Ferriday Place II Inc is a registered charity in United States, based in Ferriday, LA. It received its IRS tax-exemption ruling in February 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 September 2023, Ferriday Place II Inc reported income of $88k and spending of $124k, spending 141% of what it took in. Across the 4 years on record, from September 2020 to September 2023, income grew from $86k to $88k (+2.5%), an average of +0.8% a year. Over the whole period it spent 144% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ferriday Place II Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within LA. Charities of a similar size with the same main cause include NVCSS Whispering Oaks Inc ($88k), Vesta Forest Inc ($88k) and Slidell Village North Development Inc ($88k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 48% and program service revenue 49% of the total. At year end it held assets of $498k against liabilities of $59k, net assets of $439k.

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.