Coastal Connection of Louisiana Inc

Analysis

Coastal Connection of Louisiana Inc is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Coastal Connection of Louisiana Inc reported income of $113k and spending of $164k, spending 144% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $331k to $113k (-66%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 45%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Coastal Connection of Louisiana 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 40th percentile, and in the 39th percentile within LA. Charities of a similar size with the same main cause include Nutrition Forever ($113k), McClure Bean Soup Fair ($113k) and Florida Bicycle Association Inc ($113k).

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 $154k against liabilities of $0, net assets of $154k.