Timber Hills Housing of Alcorn County Inc

Analysis

Timber Hills Housing of Alcorn County Inc is a registered charity in United States, based in Ridgeland, MS. It received its IRS tax-exemption ruling in September 2000, 26 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 September 2023, Timber Hills Housing of Alcorn County Inc reported income of $125k and spending of $164k, spending 132% of what it took in. Across the 3 years on record, from September 2019 to September 2023, income grew from $106k to $125k (+18%), an average of +8.4% a year. The sharpest change came in the year to September 2023, when income rose by 24%. Over the whole period it spent 141% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Timber Hills Housing of Alcorn County Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 44th percentile within MS. Charities of a similar size with the same main cause include Brethren Housing Corporation ($125k), Kingdom Community Development Corp ($125k) and Ocl Properties Xiii Inc ($125k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $22k. At year end it held assets of $455k against liabilities of $1.2m, net assets of -$763k. It reported 1 employees.

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.