True Ground Housing Partners

Analysis

True Ground Housing Partners is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in December 1990, 36 years ago. 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, True Ground Housing Partners reported income of $24.3m and spending of $10.2m, leaving 58% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $7.9m to $24.3m (+208%), an average of +25% a year. The sharpest change came in the year to December 2019, when income rose by 239%. Over the whole period it spent 32% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, True Ground Housing Partners sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VA. Charities of a similar size with the same main cause include Family Service Association of Greater Fall River Inc ($24.3m), Maria Regina Residence Inc ($24.3m) and Texas Public Policy Foundation ($24.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $774k (7.6% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $180.6m against liabilities of $61.4m, net assets of $119.2m. It reported 61 employees.