T L I Housing Opportunities Inc

Analysis

T L I Housing Opportunities Inc is a registered charity in United States, based in Lebanon, OH. It received its IRS tax-exemption ruling in November 1983, 43 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, T L I Housing Opportunities Inc reported income of $183k and spending of $244k, spending 133% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $237k to $183k (-23%), an average of -5.0% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, T L I Housing Opportunities Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within OH. Charities of a similar size with the same main cause include Community Housing Services ($183k), New York State Council on Divorce Mediation Inc ($183k) and Symphonic Band of the Palm Beaches Inc ($183k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $52k. At year end it held assets of $323k against liabilities of $502k, net assets of -$179k.

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.