Tift County Residential Housing Corporation

Analysis

Tift County Residential Housing Corporation is a registered charity in United States, based in Tifton, GA. It received its IRS tax-exemption ruling in March 1989, 37 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 October 2023, Tift County Residential Housing Corporation reported income of $1.2m and spending of $1.3m, spending 105% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $1.1m to $1.2m (+7.4%), an average of +1.8% a year. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tift County Residential Housing Corporation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within GA. Charities of a similar size with the same main cause include Tanner Gardens ($1.2m), Happy Orchids Home Services Corp ($1.2m) and Salt Lake County Nmtc-Inc ($1.2m).

On its Form 990 for the period ending October 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $30k (2.4% of expenses). Other salaries and wages came to $471k. At year end it held assets of $3.4m against liabilities of $549k, net assets of $2.8m. It reported 12 employees.