LA Posada Foundation Inc

Analysis

LA Posada Foundation Inc is a registered charity in United States, based in Corpus Christi, TX. It received its IRS tax-exemption ruling in October 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, LA Posada Foundation Inc reported income of $63k and spending of $102k, spending 162% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $92k to $63k (-32%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, LA Posada Foundation Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within TX. Charities of a similar size with the same main cause include 1p36 Deletion Support & Awareness ($63k), Forum for Leadership and Reconciliation ($63k) and Simchas Sarah Inc ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $120k against liabilities of $0, net assets of $120k.