LA Pointe Foundation

Analysis

LA Pointe Foundation is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, LA Pointe Foundation reported income of $115k and spending of $124k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $16k to $115k (+629%), an average of +64% a year. The sharpest change came in the year to December 2020, when income rose by 1110%. Over the whole period it spent 408% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, LA Pointe Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 38th percentile within NC. Charities of a similar size with the same main cause include Empower Serendib ($115k), Texas Water Mission Inc ($115k) and Korea Japan English Camp Inc ($115k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.

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.