Three Rivers Housing Development Corporation

Analysis

Three Rivers Housing Development Corporation is a registered charity in United States, based in Rome, GA. It received its IRS tax-exemption ruling in December 2011, 15 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Three Rivers Housing Development Corporation reported income of $570k and spending of $258k, leaving 55% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $714k to $570k (-20%), an average of -7.3% a year. The sharpest change came in the year to December 2022, when income rose by 204%. Over the whole period it spent 55% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Three Rivers Housing Development Corporation sits at the 61st percentile: it is larger than about 60% 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 House of Hope Inc ($570k), Meadow Lane Housing Development Fund Company Inc ($570k) and Gis Housing IV Inc ($570k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $197k. At year end it held assets of $409k against liabilities of $100k, net assets of $309k.