Thomas-Adams Residential Care Facility Inc

Analysis

Thomas-Adams Residential Care Facility Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in July 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 December 2023, Thomas-Adams Residential Care Facility Inc reported income of $925k and spending of $909k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $735k to $925k (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Thomas-Adams Residential Care Facility Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include South Main Street Housing TR Inc ($925k), Tyler Street Manor Inc ($925k) and Park City Initiative Corporation ($925k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $54k (5.9% of expenses). Other salaries and wages came to $476k. At year end it held assets of $171k against liabilities of $27k, net assets of $144k. It reported 15 employees.