Terry Homes Inc

Analysis

Terry Homes Inc is a registered charity in United States, based in Timonium, MD. It received its IRS tax-exemption ruling in March 2001, 25 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 June 2023, Terry Homes Inc reported income of $76k and spending of $76k, spending 99% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $68k to $76k (+12%), an average of +12% a year. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Terry Homes Inc sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within MD. Charities of a similar size with the same main cause include Healthy Communities Inc ($76k), Crestview Housing Development Corporation ($76k) and Floyd County Homeless Shelter Inc ($76k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. At year end it held assets of $374k against liabilities of $110k, net assets of $264k.