THC Affordable Housing Inc

Analysis

THC Affordable Housing Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 2006, 20 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, THC Affordable Housing Inc reported income of $764k and spending of $188k, leaving 75% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $218k to $764k (+250%), an average of +37% a year. The sharpest change came in the year to December 2021, when income rose by 318%. Over the whole period it spent 52% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, THC Affordable Housing Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 50th percentile within DC. Charities of a similar size with the same main cause include Fair Housing Council of Northern New Jersey ($764k), Ahepa 232 Inc ($764k) and Smart Home Alabama Inc ($764k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. At year end it held assets of $6.2m against liabilities of $616k, net assets of $5.6m.