Tsi Properties I Inc

Analysis

Tsi Properties I Inc is a registered charity in United States, based in Whitestone, NY. It received its IRS tax-exemption ruling in June 2008, 18 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Tsi Properties I Inc reported income of $74k and spending of $163k, spending 222% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $68k to $74k (+7.8%), an average of +1.9% a year. Over the whole period it spent 207% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tsi Properties I Inc sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 29th percentile within NY. Charities of a similar size with the same main cause include Arcadia Haven Inc ($73k), Hopes Crossing ($74k) and Cardinal Community Manor Inc ($73k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 59% of the total. Other salaries and wages came to $3,220. At year end it held assets of $2.0m against liabilities of $392k, net assets of $1.6m.

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.