Ted Williams Housing Corporation

Analysis

Ted Williams Housing Corporation is a registered charity in United States, based in Oceanside, CA. It received its IRS tax-exemption ruling in July 1999, 27 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, Ted Williams Housing Corporation reported income of $114k and spending of $127k, spending 111% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $71k to $114k (+61%), an average of +10% a year. The sharpest change came in the year to June 2024, when income rose by 27%. Over the whole period it spent 123% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ted Williams Housing Corporation 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 42nd percentile within CA. Charities of a similar size with the same main cause include McRae Senior Housing Inc ($114k), Thompson-Woodlief Apartments Inc ($114k) and Keystone Place Housing Corporation ($114k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 86% and program service revenue 14% of the total. At year end it held assets of $188k against liabilities of $177k, net assets of $12k.

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.