Thompson-Woodlief Apartments Inc

Analysis

Thompson-Woodlief Apartments Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in March 2002, 24 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 March 2023, Thompson-Woodlief Apartments Inc reported income of $114k and spending of $166k, spending 146% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $94k to $114k (+21%), an average of +5.0% a year. The sharpest change came in the year to March 2022, when income rose by 19%. Over the whole period it spent 148% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Thompson-Woodlief Apartments Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within KY. Charities of a similar size with the same main cause include Ted Williams Housing Corporation ($114k), Oak Hills Senior Housing Inc ($114k) and McRae Senior Housing Inc ($114k).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $970k against liabilities of $52k, net assets of $918k.

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.