Tri-Cities Terrace II

Analysis

Tri-Cities Terrace II is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in April 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Tri-Cities Terrace II reported income of $249k and spending of $321k, spending 129% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $213k to $249k (+17%), an average of +4.0% a year. Over the whole period it spent 134% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tri-Cities Terrace II sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within WA. Charities of a similar size with the same main cause include Jordan Bay Place ($249k), American Legion Veterans Housing Inc ($249k) and Society of St Vincent Depaul Council of Louisville ($249k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 33% and program service revenue 65% of the total. Other salaries and wages came to $35k. At year end it held assets of $2.1m against liabilities of $3.4m, net assets of -$1.3m.

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.