Transitional Housing Services Inc

Analysis

Transitional Housing Services Inc is a registered charity in United States, based in Westampton, NJ. It received its IRS tax-exemption ruling in December 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Transitional Housing Services Inc reported income of $1.8m and spending of $2.1m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.1m to $1.8m (-13%), an average of -3.4% a year. The sharpest change came in the year to June 2020, when income dropped by 15%. Over the whole period it spent 122% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Transitional Housing Services Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within NJ. Charities of a similar size with the same main cause include Stillwater Domestic Violence Services Inc ($1.8m), Latino Memphis Inc ($1.8m) and National Society to Prevent Blindness ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.4% and program service revenue 96% of the total. At year end it held assets of $684k against liabilities of $3.0m, net assets of -$2.3m.

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.