T H P Housing Inc

Analysis

T H P Housing Inc is a registered charity in United States, based in High Point, NC. It received its IRS tax-exemption ruling in April 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, T H P Housing Inc reported income of $169k and spending of $195k, spending 115% of what it took in. Across the 6 years on record, from June 2018 to June 2023, income grew from $152k to $169k (+11%), an average of +2.1% a year. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, T H P Housing Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NC. Charities of a similar size with the same main cause include Gravis USA ($169k), St Matthew Manor Inc ($169k) and Potato Leadership Education and Advancement Foundation ($169k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 33% of the total. At year end it held assets of $681k against liabilities of $1.6m, net assets of -$890k.

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.