Timber Hills Housing of Prentiss County Inc

Analysis

Timber Hills Housing of Prentiss County Inc is a registered charity in United States, based in Corinth, MS. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Timber Hills Housing of Prentiss County Inc reported income of $131k and spending of $169k, spending 129% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $104k to $131k (+25%), an average of +5.8% a year. The sharpest change came in the year to September 2021, when income rose by 15%. Over the whole period it spent 134% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Timber Hills Housing of Prentiss County Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 46th percentile within MS. Charities of a similar size with the same main cause include Wounded Warriors of Alabama Inc ($131k), Homesnow ($131k) and Christ Child Society of Dayton Inc ($131k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $22k. At year end it held assets of $839k against liabilities of $1.5m, net assets of -$644k. It reported 1 employees.

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.