Alex W Thompson Housing Corporation

Analysis

Alex W Thompson Housing Corporation is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in February 1993, 33 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 December 2023, Alex W Thompson Housing Corporation reported income of $158k and spending of $260k, spending 164% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $201k to $158k (-21%), an average of -5.8% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 140% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alex W Thompson Housing Corporation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within PA. Charities of a similar size with the same main cause include Redeemed Christian Counseling and Education ($158k), Herpetologists League Inc ($158k) and Roseburg Playschool Cooperative Inc ($158k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $28k. At year end it held assets of $889k against liabilities of $110k, net assets of $778k.

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.