Tuscan Brotherhood Homes II

Analysis

Tuscan Brotherhood Homes II is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in December 1989, 37 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tuscan Brotherhood Homes II reported income of $2.1m and spending of $1.9m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.1m (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tuscan Brotherhood Homes II sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within CT. Charities of a similar size with the same main cause include Family Extended Care of Winter Haven Inc ($2.1m), Clinton Hill Community Apartments ($2.1m) and Royal Oak Non-Profit Housing Corporation ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 32% of the total. Other salaries and wages came to $227k. At year end it held assets of $3.1m against liabilities of $4.0m, net assets of -$986k. It reported 6 employees.