Tcoa Elderly Housing Inc

Analysis

Tcoa Elderly Housing Inc is a registered charity in United States, based in Houma, LA. It received its IRS tax-exemption ruling in May 2007, 19 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 2022, Tcoa Elderly Housing Inc reported income of $1.0m and spending of $4.8m, spending 473% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $369k to $1.0m (+176%), an average of +40% a year. The sharpest change came in the year to December 2021, when income rose by 602%. Over the whole period it spent 198% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tcoa Elderly Housing Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within LA. Charities of a similar size with the same main cause include Kingdom Worldwide Humanitarian Aid and Community Development ($1.0m), Shields Housing Corporation ($1.0m) and Ashby House Ltd ($1.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 11% and program service revenue 11% of the total. Other salaries and wages came to $58k. At year end it held assets of $5.4m against liabilities of $4.2m, net assets of $1.2m.

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.