Thea Bowman House Inc

Analysis

Thea Bowman House Inc is a registered charity in United States, based in Utica, NY. It received its IRS tax-exemption ruling in April 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Thea Bowman House Inc reported income of $3.0m and spending of $2.1m, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $3.0m (+58%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Thea Bowman House Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Veterans Outreach of Wisconsin ($3.0m), Watch Resources Inc ($3.0m) and Chinatown Community Childrens Center ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.2% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $2.0m against liabilities of $80k, net assets of $1.9m. It reported 65 employees.