Thi-9

Analysis

Thi-9 is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 1994, 32 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, Thi-9 reported income of $119k and spending of $103k, spending 87% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $119k to $119k (+0.3%), an average of +0.3% a year. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Thi-9 sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 42nd percentile within IL. Charities of a similar size with the same main cause include Allegany County Land Bank Corporation ($119k), Spruce Pine Housing Inc ($119k) and Vista Gallinas Community Partnership ($119k).

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 $341k against liabilities of $614k, net assets of -$273k.