TRC Housing Inc

Analysis

TRC Housing Inc is a registered charity in United States, based in Hohenwald, TN. It received its IRS tax-exemption ruling in April 1997, 29 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 June 2023, TRC Housing Inc reported income of $106k and spending of $112k, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $92k to $106k (+15%), an average of +3.5% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, TRC Housing Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within TN. Charities of a similar size with the same main cause include Ide Center Apartments I Inc ($106k), The Macguire Center ($106k) and Spectrum Paramus Home Inc ($106k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. Other salaries and wages came to $24k. At year end it held assets of $324k against liabilities of $35k, net assets of $289k. It reported 2 employees.

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.