Edison Terrace South

Analysis

Edison Terrace South is a registered charity in United States, based in Kennewick, WA. It received its IRS tax-exemption ruling in April 2009, 17 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 (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 2024, Edison Terrace South reported income of $112k and spending of $190k, spending 169% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $90k to $112k (+24%), an average of +5.5% a year. Over the whole period it spent 185% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Edison Terrace South sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 35th percentile within WA. Charities of a similar size with the same main cause include Outreach for Christ Inc ($112k), Southeastern Appalachian Rural Alliance Inc ($112k) and Oak View Apartments Inc ($112k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 45% and program service revenue 54% of the total. Other salaries and wages came to $16k. At year end it held assets of $1.6m against liabilities of $7,361, 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.