Tri-Cities Terrace South

Analysis

Tri-Cities Terrace South is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in March 2005, 21 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, Tri-Cities Terrace South reported income of $111k and spending of $156k, spending 140% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $93k to $111k (+20%), an average of +4.7% a year. Over the whole period it spent 146% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tri-Cities 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 LF Bella Vista Apartments Inc ($111k), Azure Community Development ($111k) and Sheltering Arms Housing Corporation ($111k).

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. At year end it held assets of $1.2m against liabilities of $15k, net assets of $1.2m.

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.