Titus House Inc

Analysis

Titus House Inc is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in May 2003, 23 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 September 2023, Titus House Inc reported income of $76k and spending of $84k, spending 110% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $74k to $76k (+3.3%), an average of +0.8% a year. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Titus House Inc sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within PA. Charities of a similar size with the same main cause include New Morning Apartments Inc ($76k), Mount Hope Community Development Corporation ($76k) and Community Homebuyers Corporation ($76k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 74% and program service revenue 22% of the total. At year end it held assets of $555k against liabilities of $668k, net assets of -$113k.

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.