Transitional Housing Corporation

Analysis

Transitional Housing Corporation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 1991, 35 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 December 2023, Transitional Housing Corporation reported income of $12.2m and spending of $13.0m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.5m to $12.2m (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2020, when income rose by 56%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Transitional Housing Corporation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 89th percentile within DC. Charities of a similar size with the same main cause include Innovative Student Facilities Inc ($12.2m), Lutheran Sunset Ministries ($12.2m) and Wealth Watchers Inc ($12.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.4% of the total. Compensation of current officers, directors and key employees was $847k (6.5% of expenses). Other salaries and wages came to $5.4m. At year end it held assets of $10.3m against liabilities of $3.5m, net assets of $6.7m. It reported 129 employees.