201 Thurbers Inc

Analysis

201 Thurbers Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in September 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 December 2023, 201 Thurbers Inc reported income of $221k and spending of $342k, spending 154% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $216k to $221k (+2.6%), an average of +0.6% a year. Over the whole period it spent 144% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 201 Thurbers Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 52nd percentile within RI. Charities of a similar size with the same main cause include Ashley Directions Inc ($221k), Housing 1989 ($221k) and Good Shepherd Housing Development Corporation ($221k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 30% of the total. At year end it held assets of $2.7m against liabilities of $3.3m, net assets of -$566k.

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.