Umphress Terrace

Analysis

Umphress Terrace is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in June 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 March 2023, Umphress Terrace reported income of $437k and spending of $680k, spending 156% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $392k to $437k (+12%), an average of +2.8% a year. Over the whole period it spent 143% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Umphress Terrace sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Luther Court Inc ($437k), Amenity Aid ($437k) and Westminster Jefferson Park Housing ($437k).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $98k. At year end it held assets of $3.1m against liabilities of $210k, net assets of $2.9m. It reported 5 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.