Thompson House Inc

Analysis

Thompson House Inc is a registered charity in United States, based in Danvers, MA. It received its IRS tax-exemption ruling in May 1993, 33 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 December 2023, Thompson House Inc reported income of $454k and spending of $349k, leaving 23% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $345k to $454k (+32%), an average of +5.6% a year. The sharpest change came in the year to December 2019, when income rose by 132%. Over the whole period it spent 74% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Thompson House Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MA. Charities of a similar size with the same main cause include Peace Church Presbyterian Village Nonprofit Housing Corporation ($454k), Ruperts Kids Inc ($454k) and Living Options Inc ($453k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $55k. At year end it held assets of $1.2m against liabilities of $2.1m, net assets of -$887k.