Life Coast Community Health Center Inc

Analysis

Life Coast Community Health Center Inc is a registered charity in United States, based in Houma, LA. It received its IRS tax-exemption ruling in September 2020, 6 years ago. 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, Life Coast Community Health Center Inc reported income of $2.2m and spending of $4.4m, spending 202% of what it took in. The sharpest change came in the year to December 2021, when income rose by 183%. Over the whole period it spent 195% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Life Coast Community Health Center Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within LA. Charities of a similar size with the same main cause include Orangutan Foundation International ($2.2m), National Church Residences of Brick NJ Urban Renewal Housing Corporat ($2.2m) and Des Moines Jewish Welfare Foundation ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $185k (4.2% of expenses). Other salaries and wages came to $404k. At year end it held assets of $1.0m against liabilities of $7.2m, net assets of -$6.2m. It reported 25 employees.

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.