Triple C Housing Inc

Analysis

Triple C Housing Inc is a registered charity in United States, based in N Brunswick, NJ. It received its IRS tax-exemption ruling in October 1981, 45 years ago. 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 June 2023, Triple C Housing Inc reported income of $7.3m and spending of $5.9m, spending 80% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.3m to $7.3m (+72%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Triple C Housing Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include Twin Rivers Opportunities Inc ($7.3m), Churchill Center and School for Learning Disabilities ($7.4m) and Youth on Course ($7.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $594k (10% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $18.8m against liabilities of $11.0m, net assets of $7.8m. It reported 89 employees.