Tenants to Homeowners Inc

Analysis

Tenants to Homeowners Inc is a registered charity in United States, based in Lawrence, KS. It received its IRS tax-exemption ruling in March 1995, 31 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 December 2023, Tenants to Homeowners Inc reported income of $1.7m and spending of $1.9m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $974k to $1.7m (+73%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 206%. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tenants to Homeowners Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within KS. Charities of a similar size with the same main cause include Miriams House Inc ($1.7m), Notre Dame Housing Development Fund Company Inc ($1.7m) and Stewart Park Housing Development Fund Co Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $99k (5.2% of expenses). Other salaries and wages came to $539k. At year end it held assets of $13.9m against liabilities of $5.2m, net assets of $8.8m. It reported 11 employees.