Timber Ridge Apartments Inc

Analysis

Timber Ridge Apartments Inc is a registered charity in United States, based in Westminster, MD. It received its IRS tax-exemption ruling in May 1985, 41 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 September 2023, Timber Ridge Apartments Inc reported income of $982k and spending of $1.0m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $877k to $982k (+12%), an average of +2.9% a year. 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, Timber Ridge Apartments Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MD. Charities of a similar size with the same main cause include Colorado Safe Parking Initiative ($982k), Green Hills Womens Shelter ($982k) and Everett Non-Profit Housing Corporation ($982k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 59% and program service revenue 39% of the total. Other salaries and wages came to $199k. At year end it held assets of $3.0m against liabilities of $104k, net assets of $2.9m. It reported 9 employees.