Thomas Housing Development Corporation

Analysis

Thomas Housing Development Corporation is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in September 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 June 2023, Thomas Housing Development Corporation reported income of $64k and spending of $91k, spending 141% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $64k to $64k (+0.3%), an average of +0.1% a year. Over the whole period it spent 135% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Thomas Housing Development Corporation sits at the 14th percentile: it is larger than about 14% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within MD. Charities of a similar size with the same main cause include Visatation Conference St Vincent Depaul Society ($64k), Robstown Housing Facility Corporation ($65k) and Maxcen Housing Society DC Branch ($64k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 92% of the total. At year end it held assets of $464k against liabilities of $108k, net assets of $356k.

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.