Thi-7

Analysis

Thi-7 is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 1991, 35 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2023, Thi-7 reported income of $121k and spending of $146k, spending 120% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $119k to $121k (+1.5%), an average of +1.5% a year. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Thi-7 sits at the 27th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 43rd percentile within IL. Charities of a similar size with the same main cause include Heritage House Inc ($121k), Hachnosos Kallah of Passaic-Clifton Inc ($121k) and Crawford Commons Apartments Inc ($121k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $259k against liabilities of $623k, net assets of -$363k.