Transitional Housing Resources Inc

Analysis

Transitional Housing Resources Inc is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in July 2000, 26 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 Resources Inc reported income of $96k and spending of $117k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $67k to $96k (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 129% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Transitional Housing Resources Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 37th percentile within MD. Charities of a similar size with the same main cause include Alano Club ($96k), Valley of the Sun School Properties Six ($96k) and Institute of Neuromorphic Engineering Foundation Inc ($96k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. Other salaries and wages came to $7,937. At year end it held assets of $326k against liabilities of $821k, net assets of -$496k.

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.