Thi-13

Analysis

Thi-13 is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 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 (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 2023, Thi-13 reported income of $118k and spending of $198k, spending 168% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $118k to $118k (+0.1%), an average of +0.0% a year. Over the whole period it spent 155% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Thi-13 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 Neighborhood Housing Development Corporation ($118k), Ford House Inc ($118k) and Simadon Corporation ($118k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $63k. At year end it held assets of $511k against liabilities of $1.2m, net assets of -$656k.

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.