Thomaston Elderly Housing Inc

Analysis

Thomaston Elderly Housing Inc is a registered charity in United States, based in Duluth, GA. It received its IRS tax-exemption ruling in February 1987, 39 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, Thomaston Elderly Housing Inc reported income of $572k and spending of $474k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $521k to $572k (+9.7%), an average of +2.4% a year. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Thomaston Elderly Housing Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within GA. Charities of a similar size with the same main cause include Spokane Urban Ministries ($571k), St Pauls Villa Inc ($572k) and League of Human Dignity Building Corporation ($571k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $115k. At year end it held assets of $463k against liabilities of $848k, net assets of -$385k.