Dr Tom Richards Center Inc

Analysis

Dr Tom Richards Center Inc is a registered charity in United States, based in Hohenwald, TN. It received its IRS tax-exemption ruling in November 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Dr Tom Richards Center Inc reported income of $102k and spending of $154k, spending 152% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $104k to $102k (-2.6%), an average of -0.7% a year. Over the whole period it spent 148% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Dr Tom Richards Center Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within TN. Charities of a similar size with the same main cause include Centre County Housing and Landtrust ($101k), Volunteer Housing Management Corporation Inc ($102k) and Nexus for Affordable Housing Inc ($101k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 51% of the total. Other salaries and wages came to $30k. At year end it held assets of $870k against liabilities of $24k, net assets of $846k. It reported 2 employees.

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.